History

Did you ever wonder why Wall Street is called Wall Street? We all talk about Occupy Wall Street, an area of downtown New York that stretches across eight blocks from Broadway to South Street on the East River in Lower Manhattan. Over time, the phrase has come to symbolise the financial markets of the United…

Did you ever wonder why Wall Street is called Wall Street? We all talk about Occupy Wall Street, an area of downtown New York that stretches across eight blocks from Broadway to South Street on the East River in Lower Manhattan. Over time, the phrase has come to symbolise the financial markets of the United…

I’ve been debating some future presentations with various folks today, and a little ray of light went off in my head. The light was triggered by a comment: “can you talk about what impact regulatory change may have on bank to corporate relationships using examples historically?” The question was really asking about the unintended impact…

I’ve been debating some future presentations with various folks today, and a little ray of light went off in my head. The light was triggered by a comment: “can you talk about what impact regulatory change may have on bank to corporate relationships using examples historically?” The question was really asking about the unintended impact…

This is the final part of a series about how the City of London developed its financial prowess and system.  Previous entries include: Part One: The Romans Part Two: The Vikings Part Three: Medieval Times Part Four: The Tudors Part Five: The Stuarts Part Six: The Bank of England Part Seven: Lloyd's of London Part…

This is the final part of a series about how the City of London developed its financial prowess and system.  Previous entries include: Part One: The Romans Part Two: The Vikings Part Three: Medieval Times Part Four: The Tudors Part Five: The Stuarts Part Six: The Bank of England Part Seven: Lloyd's of London Part…

By the 1970s, the City had re-established its position of prominence thanks to trading in Eurocurrency and the increasing volume of trading in securities, but it lagged behind the rest of the world, particularly New York, due to its very traditional way of operating. The markets were based upon a structure that was 150 years…

By the 1970s, the City had re-established its position of prominence thanks to trading in Eurocurrency and the increasing volume of trading in securities, but it lagged behind the rest of the world, particularly New York, due to its very traditional way of operating. The markets were based upon a structure that was 150 years…

Britain came out of the Second World War a weaker nation.  The economy was in ruins, as was much of Europe’s economies, and it owed $3.5 billion to the USA as a result of a loan in 1946 which was only repaid in 2006, sixty years later. The declaration of independence of India in 1947 began…

Britain came out of the Second World War a weaker nation.  The economy was in ruins, as was much of Europe’s economies, and it owed $3.5 billion to the USA as a result of a loan in 1946 which was only repaid in 2006, sixty years later. The declaration of independence of India in 1947 began…