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Case Study One: Keyser Ullmann

In: The Secondary Banking Crisis, 1973–75

Author

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  • Margaret Reid

Abstract

Among the banking companies caught up in the upheaval, Keyser Ullmann attracted a large share of public attention, and not without reason. It embarked on a remarkable lending spree just before the crisis and was later forced to draw substantially on the Lifeboat’s support loans. It had also to make such large provisions for losses on its loans that it incurred very heavy losses and saw its shareholders’ funds reduced at one stage to less than a third of their previous level. How did it all happen?

Suggested Citation

  • Margaret Reid, 1982. "Case Study One: Keyser Ullmann," Palgrave Macmillan Books, in: The Secondary Banking Crisis, 1973–75, chapter 12, pages 170-182, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-05286-8_12
    DOI: 10.1007/978-1-349-05286-8_12
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