1st Edition
Crisis Banking in the East The History of the Chartered Mercantile Bank of London, India and China, 1853–93
400 Pages
by
Routledge
408 Pages
by
Routledge
408 Pages
by
Routledge
Also available as eBook on:
The Chartered Mercantile Bank is one of the constituent banks of the huge Hongkong and Shanghai bank. This study charts its first 40 years as one of the pioneering banks of the Far East. The Chartered Mercantile became the leading exchange bank in India and South East Asia whilst always retaining its head office in the pivotal London market. Based upon meticulous research using a particularly... Read more
Contents: Introduction; 1. The Birth of Eastern Exchange Banking; 2. The Foundation of Mercantile Bank; 3. Early Success and a Charter, 1854-1858; 4. Expansion, Boom and Crisis, 1858-1865; 5. Survival and Stagnation, 1866-1870; 6. Bad Banking, the Silver Crisis and New Leadership, 1871-1884; 7. The Officers, Local Staff, Management and Directors; 8. London Head Office: its Business and Overseas Infrastructure; 9. The Mechanics of the Bank’s Business, 1854-1893; 10. The Last Years of the Chartered Mercantile Bank; 11. Liquidation and Reconstruction, 1892-1893; 12. Epilogue: The Mercantile Bank of India Ltd; Appendices; References; Index.
Biography
Stuart Muirhead, Edwin Green
'...a scrupulously fair account of the checkered history of the CMB from its conception until its winding up and reconstruction in 1892 as the Mercantile Bank of India....' Business History Review
