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Action Stations at the Bank of England

In: The Secondary Banking Crisis, 1973–75

Author

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  • Margaret Reid

Abstract

Midwintertide of 1973 brought one of the year’s longest nights in more senses than one to the City of London’s financial centre and its citadel, the Bank of England. From 9 a.m. on Wednesday, 19 December, until 3 a.m. on the following day, a sequence of secret meetings took place at the Bank. Prominent among those involved were Mr Gordon Richardson, the new Governor, previously a merchant banker and barrister; Sir (then Mr) Jasper Hollom, the youthful-looking Deputy Governor; Sir (then Mr) Kenneth Cork, the head of the accountancy firm W. H. Cork Gully who was best known as a company doctor and ‘undertaker’ and later as Lord Mayor of London; and a number of key figures from large investing institutions and banks.

Suggested Citation

  • Margaret Reid, 1982. "Action Stations at the Bank of England," Palgrave Macmillan Books, in: The Secondary Banking Crisis, 1973–75, chapter 1, pages 3-10, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-05286-8_1
    DOI: 10.1007/978-1-349-05286-8_1
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