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British Multinational Banking, 1830-1990$
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Geoffrey Jones

Print publication date: 1995

Print ISBN-13: 9780198206026

Published to Oxford Scholarship Online: October 2011

DOI: 10.1093/acprof:oso/9780198206026.001.0001

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Crisis and Expansion

Crisis and Expansion

Chapter:
(p.63) CHAPTER 3 Crisis and Expansion
Source:
British Multinational Banking, 1830-1990
Author(s):

Geoffrey Jones

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780198206026.003.0003

This chapter discusses the period between the financial crises and the end of the world war. During this period, the British multinational banks had expanded along with the booming world economy. Overseas branches operated by British banks had doubled, numbering over 1,000. However, almost half of the banks active in 1890 had not survived until 1913. What made these multinational banks survive was their strong organizational capability which permitted them to operate beyond the English-speaking settler economies. Additionally, there came a time when the competitive position of British overseas banks had declined in some territories such as Canada, West India, and Australia. Nevertheless, British multinational banks remained extremely influential in West and East Africa and these banks were able to defend themselves from assaults by other multinational or local banks.

Keywords:   financial crisis, world war, organizational capability, Canada, West India, Australia, West Africa, East Africa

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