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The Paradise Bank: The Mercantile Bank Of India, 1893–1984 (studies In Banking And Financial History) by Edwin Green, Sara Kinsey is a nonfiction available to read on EtoBox.

What is The Paradise Bank: The Mercantile Bank Of India, 1893–1984 (studies In Banking And Financial History) about?

The Mercantile Bank of India was one of a small band of British-managed banks which dominated Anglo-Eastern finance for most of the 20th century. Founded in London in 1893, the Mercantile inherited the business, branches, staff and even the distinctive cable address - Paradise, London - of its forerunner the Chartered Mercantile Bank of India, London and China. In the early 1900s the Mercantile Bank re-established a strong and quietly successful business in the East. After the First World War the Mercantile played a prominent part in banking development in Malaya. In addition to maintaining its support for the trade of the Indian sub-continent, the bank also enjoyed success in Shanghai. Like its major rivals, the Hongkong Bank, Chartered Bank and the National Bank of India, the Mercantile Bank suffered grievously during the Second World War. In the post-war world it needed both to adapt to massive political change throughout the East and to diversify into new markets and new types of business. In 1959 the Mercantile became a subsidiary of the Hongkong Bank and this book explores the complex, high-level negotiations in London and the East which preceded the acquisition. Although the

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Author

Edwin Green, Sara Kinsey

Publisher

Routledge

Published

2018

Language

EN

ISBN

9781138268852

Category

nonfiction

Subjects

History, Economics, Finance