As London’s premier takeover house, it was handling an awesome volu...
Citations (1)
- The House of Morgan - An American Banking Dynasty and the whole source · open book
As London’s premier takeover house, it was handling an awesome volume of business—some fifty-one deals in 1986 valued at almost £14 billion. Like Morgan Stanley, Morgan Grenfell usually took the offensive, earning a reputation as “the most aggressive agent in the City for the hostile bidder,” in Euromoney’s words.3 As a blue-blooded firm, it legitimated a new, swashbuckling style of finance. On Wall Street and in the City, traditionalists were appeased when a Morgan firm validated controversial practices.
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