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Rothschild, the Largest Bank in the World: How Multinational Family Ownership Overcame Nearly All Management Complexities When Others Failed

In: Absent Management in Banking

Author

Listed:
  • Christian Dinesen

    (Dinesen Associates Ltd.)

Abstract

The Rothschilds were the largest bank in the world in the nineteenth century. Their management structure was based on family and what a family! Internal communication, mutual criticism and intermarriages contributed to achieving banking dominance and fabulous wealth. Industrialisation, wars and revolutions almost brought down single Rothschild banks, but diversification and mutual support overcame all challenges. The Rothschilds were instrumental in saving other banks and banking systems, such as Barings and London in 1890. The absence of a family member willing to establish in the United States eventually caused the gradual decline, rather than failure, of the Rothschilds.

Suggested Citation

  • Christian Dinesen, 2020. "Rothschild, the Largest Bank in the World: How Multinational Family Ownership Overcame Nearly All Management Complexities When Others Failed," Springer Books, in: Absent Management in Banking, chapter 0, pages 33-49, Springer.
    • Handle: RePEc:spr:sprchp:978-3-030-35824-2_3
    DOI: 10.1007/978-3-030-35824-2_3
    as

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