Take Your Partners

Orion, the Consortium Banks and the Transformation of the Euromarkets
2001. Auflage 2001
ISBN: 978-0-333-94774-6
Verlag: Palgrave MacMillan UK

Buch, Englisch, 359 Seiten, Format (B × H): 163 mm x 241 mm, Gewicht: 730 g

Marking the 30th anniversary of the formation of Orion Bank in 1970, financial historian Richard Roberts has written a history of Orion and the rise and decline of the consortium banking movement. Consortium banks were formed as joint ventures to enable banks to operate in the booming Euromarkets, with virtually every major international bank participating in a consortium bank during their heyday in the 1970s and 1980s. Orion Bank was one of the leading players in the Euromarkets in those decades: its shareholders were six of the biggest banks in the world from the three major trading blocks: Chase Manhattan, Royal Bank of Canada, NatWest, Westdeutsche Landesbank, Credito Italiano and Mitsubishi Bank. Like other consortiums banks, Orion Bank was prominent in Eurocurrency syndicated lending, but more unusually, it was also a top Eurobond lead manager. The story of Orion exemplifies the tensions inherent in the joint venture approach to business development and the strategic dilemmas facing consortium bank managements and shareholders. Richard Roberts uses primary archival papers and interviews with former Orion executives and other bankers prominent in consortium and investment banking to present an authoritative case study with great topical relevance as today's European banking industry continues to integrate across borders. Take Your Partners is also an invaluable source of reference for anyone with an interest in the Euromarkets and the development of international banking.

Zielgruppe

Research

Autoren/Hrsg.

Roberts, R.

Inhaltsverzeichnis

Prologue: Meeting in Manhattan Origins of the Euromarkets Rise of Consortium Banking Formation of Orion Orion Gets Going Stormy Weather: Montagu Takes the Helm Petrodollars Competition and Innovation Shareholders and Management Swimming Against the Tide Orion Royal Bank Decline of Consortium Banking Consortia in Finance Epilogue: Orion's Legacy Appendices Chronology, 1963-89. Tables and Graphs, 1963-89 Euromarket Consortium Banks European Banking Clubs Orion Directors and Financial Statistics The Orion Shareholders in 1970

Über Autor(innen)

RICHARD ROBERTS is Reader in Business History in the School of Social Sciences at the University of Sussex. He is a specialist in the development of international finance and financial institutions. He graduated with First Class honours from University College London, and received his doctorate from Cambridge University. he has held fellowships at Downing College, Cambridge, and Princeton University and also worked for British Petroleum. He is the author of several books on banks and banking including published by Macmillan, 1992.