The House of Morgan - Part 3 Chapter 33 Traders Summary & Analysis

Ron Chernow
This Study Guide consists of approximately 54 pages of chapter summaries, quotes, character analysis, themes, and more - everything you need to sharpen your knowledge of The House of Morgan.
This section contains 587 words
(approx. 2 pages at 400 words per page)
Buy The House of Morgan Study Guide

Part 3 Chapter 33 Traders Summary and Analysis

In the 1980s Morgan Guaranty enters investment banking in London bringing it into confrontation with Morgan Stanley and Morgan Grenfell. In 1981 Morgan Grenfell is told that Morgan Guaranty intends to sell its one third interest in the firm. They sell it little by little over a year quietly so it doesn't look like they are dumping Morgan Grenfell. Lloyd's of London broker Willis Faber is the buyer and chief shareholder. Morgan Grenfell promptly expands its New York operations and by 1985 joins the NYSE. At this time Morgan Bank is making more money from investment banking and trading. The London bank is very successful and is second in Eurobonds in 1984. It is also very active in foreign exchange, gold bullion and financial futures.

The Morgan bank also plays a role in the 1984 rescue of the Chicago bank, Continental...

(read more from the Part 3 Chapter 33 Traders Summary)

This section contains 587 words
(approx. 2 pages at 400 words per page)
Buy The House of Morgan Study Guide
Copyrights
BookRags
The House of Morgan from BookRags. (c)2016 BookRags, Inc. All rights reserved.
Follow Us on Facebook