The situation was not unlike 1929, when the bank submitted to the f...
Citations (1)
- The House of Morgan - An American Banking Dynasty and the whole source · open book
The situation was not unlike 1929, when the bank submitted to the fad of forming holding companies with the Alleghany and United Corporation promotions. Before the crash, Mendoza’s department scored small victories but no big, attention-getting deals. Then, in January 1988, Morgans became the first commercial bank to counsel a hostile raider in a billion-dollar deal, advising F.
chapter: 35. Bull