The House of Morgan - Part 3 Chapter 34 Bang 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 501 words
(approx. 2 pages at 400 words per page)
Buy The House of Morgan Study Guide

Part 3 Chapter 34 Bang Summary and Analysis

Morgan Grenfell is also changing in character during this time. They are becoming an aggressive firm. Morgan Grenfell never had any sort of management planning. They manage the finances of Queen Elizabeth II and the sultan of Brunei and also manage various pension funds. The firm is instrumental in financing North Sea oil and projects for the Soviet Union. The British government opens the British banking market to competition. Fixed commissions are eliminated and there are many mergers among the banks. Morgan Grenfell is slow to react to the changes. The traditional directors do not want any mergers, the younger ones do. In June 1986, they take the firm public and sell shares to raise capital needed for trading. They are now active in hostile takeovers and corporate raids. Morgan Grenfell's two takeover stars are Roger Seelig and...

(read more from the Part 3 Chapter 34 Bang Summary)

This section contains 501 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