Overend, Gurney and Co.
| Overend, Gurney and Company Limited | |
|---|---|
| legal form | public company |
| founding | 1800 |
| resolution | May 10, 1866 |
| Reason for dissolution | insolvency |
| Seat | 65 Lombard Street , London , United Kingdom |
| Branch | Discount bank |
| Website | Overend John Overend |
Overend, Gurney and Company Limited was a London-based wholesale discount bank known as "the bankers' bank". It went bankrupt on May 10, 1866, leading to the first Black Friday in banking history. At the time of the insolvency, the bank had £ 11million in debt which was £ 905million in 2015.
See also
Web links
Individual evidence
- ^ Bryan Taylor: Overend, Gurney & Co .: An Inspiration to Karl Marx and Bear Stearns | Global Financial Data. In: www.globalfinancialdata.com. Retrieved November 30, 2016 .