University of Cambridge > Talks.cam > Financial History Seminar > 'The Collapse of the City of Glasgow Bank, 1878, and other nineteenth century failures'

'The Collapse of the City of Glasgow Bank, 1878, and other nineteenth century failures'

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If you have a question about this talk, please contact D'Maris Coffman.

THIS TALK HAS BEEN CANCELLED OWING TO ILLNESS IN THE SPEAKER ’s FAMILY .

The City of Glasgow Bank collapse in October 1878 was a significant economic and financial shock to the economy. The majority of shareholders were bankrupted and the collapse had a significant impact on the arguments for the adoption of limited liability in banking. This paper sees the collapse in the context of a series of banking crises through the nineteenth century, and focuses on the learning processes exhibited. It suggests that, by the end of the century, a number of important lessons about the relationship between banks and industry had been learned. The City of Glasgow brought many of these lessons into sharp relief, and the crisis of 2008 revealed the need to learn many of these lessons once more.

There will be a drinks reception afterwards. For more information, contact ddc22.

This talk is part of the Financial History Seminar series.

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