British Bank of Northern Commerce
| British Bank of Northern Commerce | |
|---|---|
| legal form | |
| founding | 1912 |
| resolution | 1920 |
| Reason for dissolution | fusion |
| Seat | London |
| Branch | Credit institution |
The British Bank of Northern Commerce was a British bank headquartered in London . The company was founded in 1912 by Knut Agathon Wallenberg from Enskilda Bank in Stockholm and Emil Glückstadt from Landmandsbanken in Copenhagen . In addition to these, bankers from Norway, Russia and France were also involved in the bank. The company's aim was to promote trade between the United Kingdom and Scandinavia . The bank was mainly involved in financing Finland after its independence from Russia in 1917/18. In June 1919 the company offered John Maynard Keynes the chairmanship of the board . He was to be paid £ 2000, with Keynes only having to work one morning a week. Keynes had met Wallenberg and Glückstadt during the First World War . After exchanging ideas with various colleagues, he finally declined the offer.
In October 1920 the bank merged with CJ Hambro & Sons . From then on, the new company operated under the name Hambros Bank of Northern Commerce . From August 1921, the company was called Hambros Bank .
literature
- Donald Edward Moggridge: Maynard Keynes: An Economist's Biography . Routledge, London 1992, ISBN 978-0-415-12711-0 .
- Joseph Wechsberg: The merchant bankers . Little Brown, Boston 1966, LCCN 66-016558 , OCLC 497421 .