Paradise Bank
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A01=Edwin Green
A01=Sara Kinsey
Anglo-Eastern finance
Author_Edwin Green
Author_Sara Kinsey
banking mergers acquisitions
British Bank
British overseas banks
British-Asian financial institutions history
Category=KCZ
Category=KFFK
Chartered Bank
Chartered Mercantile Bank
Chief Manager
colonial banking history
Eastern Exchange Banks
Edwin Green
eq_bestseller
eq_business-finance-law
eq_isMigrated=1
eq_isMigrated=2
eq_nobargain
eq_non-fiction
financial networks Asia
Gracechurch
History
Hongkong Bank
HSBC Group
India
Indian Branches
International Banks
Kota Bharu
Kuala Lipis
Marine Midland Bank
MBH
Mercantile Bank
Mercantile's Managers
Oriental Bank Corporation
Overseas Banks
Overseas Branches
postwar economic adaptation
Samuel Montagu
Sara Kinsey
Shanghai Branch
Sterling
Telegraphic Address
Young Man
Product details
- ISBN 9781840146851
- Weight: 635g
- Dimensions: 156 x 234mm
- Publication Date: 20 Dec 1999
- Publisher: Taylor & Francis Ltd
- Publication City/Country: GB
- Product Form: Hardback
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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 Mercantile Bank was fully absorbed in 1984 by the Hongkong Bank (now part of the HSBC Group), its history, business and personnel remained an important thread in the traditions of the enlarged group. This history deploys the extensive and colourful archives of the Mercantile Bank, together with the memoirs of former officials and their families. The book is plentifully illustrated from the photograph collections of the Mercantile Bank and former members of its staff.
Edwin Green and Sara Kinsey, archivists at HSBC Group With a special appendix by Rachel Huskinson
