“It would be a little like a fish out of water for us to run a syst...
Citations (1)
- The House of Morgan - An American Banking Dynasty and the whole source · open book
“It would be a little like a fish out of water for us to run a system of branches in Germany or England when we don’t have it here,” said the avuncular, balding Walter Page, who succeeded Patterson as chairman in 1978.2 When Morgans started underwriting in Paris in the early 1960s, it wasn’t clear where the Euromarkets would settle; even Geneva and Zurich were in the running. During the oil boom of the 1970s, however, London emerged as the clear winner, recycling OPEC surpluses at a furious rate to debtor countries.
chapter: 32. Samba