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The Business of Banking

In: Jacob Schiff and the Art of Risk

Author

Listed:
  • Adam Gower

    (National Real Estate Forum)

Abstract

Probably, the most important component of Schiff’s banking expertise was his ability to assemble and manage syndications. Syndicating loans to groups of institutions and individuals was a primary methodology employed by banks in the late nineteenth and early twentieth centuries to bring to market large bond and stock issues. Kuhn Loeb assembled a syndicate to sell the Japanese loans. The background to and implementation of syndicatessyndicates are described in this section. They were in large part to be vilified by later investigations.

Suggested Citation

  • Adam Gower, 2018. "The Business of Banking," Palgrave Studies in the History of Finance, in: Jacob Schiff and the Art of Risk, chapter 0, pages 143-180, Palgrave Macmillan.
  • Handle: RePEc:pal:psitcp:978-3-319-90266-1_5
    DOI: 10.1007/978-3-319-90266-1_5
    as

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