Take Your Partners
eBook - PDF

Take Your Partners

Orion, the Consortium Banks and the Transformation of the Euromarkets

  1. English
  2. PDF
  3. Available on iOS & Android
eBook - PDF

Take Your Partners

Orion, the Consortium Banks and the Transformation of the Euromarkets

About this book

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.

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Yes, you can access Take Your Partners by R. Roberts in PDF and/or ePUB format, as well as other popular books in Business & Corporate Finance. We have over one million books available in our catalogue for you to explore.

Information

Table of contents

  1. Cover
  2. Contents
  3. Foreword
  4. Preface and Acknowledgements
  5. List of Tables
  6. List of Plates
  7. Acknowledgements and Notes for End Papers and Plates
  8. Prologue: Meeting in Manhattan
  9. 1 Origins of the Euromarkets
  10. 2 Rise of consortium banking
  11. 3 Formation of Orion
  12. 4 Orion gets going
  13. 5 Stormy weather: Montagu takes the helm
  14. 6 Petrodollars
  15. 7 Competition and innovation
  16. 8 Shareholders and management
  17. 9 Swimming against the tide
  18. 10 Orion Royal Bank
  19. 11 Decline of consortium banking
  20. 12 Consortia and strategic alliances in finance
  21. Epilogue: The legacy of Orion
  22. Appendices
  23. Notes and references
  24. Index