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Glyn, Mills & Co.

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355: 98:– a name that was maintained until 1923. The ownership of the bank was determined by family group and not individuals: the Glyn and Mills families were entitled to two-fifths each and the Currie family, one-fifth. Two years later, in 1866, a group of Scottish banks agreed to purchase half the capital of Glyn Mills in order to obtain a seat in the London 142:
in 1924 when the name reverted to Glyn Mills & Co. Holt's were army agents in Whitehall which in turn supported a private banking business. It was founded in 1809 by William Kirkland who opened an office in St James's. Regiments were gradually added to Holt's portfolio and the Navy agency of
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In 1885, Glyn, Mills took the unprecedented step for a private bank of producing half-yearly balance sheets. It showed that the bank's was larger than popularly realised, "only rivalled by two or three of the largest joint-stock banks". The bank's size and prestige was demonstrated by the
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Vere died in 1766 leaving Glyn and Hallifax as partners; they traded satisfactorily until the financial panic of 1772 when the Bank had to stop payment for some weeks and narrowly avoided bankruptcy. One of those who provided temporary finance for the Bank was Sir John Salter, one-time
150:. Following the death of Lord Jersey, the executors were told that the Bank of England would not permit a sale to one of the Big Five. Glyn's, the largest private bank and the sole survivor of the private banks in the 79:. It was still of modest size: the number of staff was no more than seven in 1790, but over the next 40 years it rose to 51. The last Hallifax family member in the Bank died in 1850 and the bank became 63:. Unlike many of the private London banks that relied on wealthy and titled customers, Glyn, Mills was originally a commercial institution; railway companies, the Sun Insurance and the 166:
threatened the viability of the private bank with the prospect of casualties and death duties straining capital resources. In 1939 the partners agreed to the bank's sale to the
170:. Glyn Mills continued to trade separately, even to the point of acquiring the banking businesses of the British Overseas Bank and Anglo-International Bank in 1944, and of 174:
in 1946. However, in 1969 the Royal Bank of Scotland was restructured and the holding company's subsidiaries in England and Wales (Glyn, Mills & Co.,
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and was the largest contributor outside the Bank of England to the rescue fund, undertaking to contribute £500,000 provided that
52: 254:"OLDEST ENGLISH BANK TO LOSE ITS IDENTITY; Child's, on Same Site Since 1560, Made Famous by Dickens, Will Be Merged With Glyn's" 90:
Conscious of the need to enlarge its financial resources, in 1864 the bank acquired another London private bank, Currie's (see
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with widespread merchanting connections; and Thomas Hallifax was the son of a Barnsley clockmaker who had become chief clerk at
897: 75:, but only on condition that his son-in-law, William Mills, could enter the partnership. When the Bank reopened it did so as 668: 376: 589: 892: 237: 882: 569: 755: 594: 695: 559: 179: 103: 673: 396: 372: 324: 448: 151: 99: 809: 712: 678: 549: 433: 175: 146:
Child's history predated that of the Bank of England and for over 100 years it had been owned by the
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in 1890. Betrand Currie led the investigation into Barings' affairs at the instigation of the
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founded in London in 1753, which existed until 1969, when it became part of the
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in 1923 (briefly becoming Glyn, Mills Currie Holt & Co) and
47:. Joseph Vere was an experienced banker who was a member of the 858: 478: 130:
Faced with the growing power of the “big five” banks after
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and had been involved with earlier banking partnerships;
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Glyn's, 1753–1953: Six generations in Lombard Street
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Documents and clippings about Glyn, Mills & Co.
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The Royal Bank of Scotland Group, Heritage Archives
874: 298:"Bank Uses TV to Match Signatures at a Distance" 296:TIMES, Special to THE NEW YORK (23 April 1952). 246: 575:Lloyds & National Provincial Foreign Bank 397: 280: 404: 390: 106:prevented the implementation of the deal. 85: 202: 200: 198: 196: 194: 154:, seemed the most desirable association. 913:British companies disestablished in 1969 230:The Sixth Great Power: Barings 1762–1929 224: 206: 143:Woodhead and Co. was absorbed in 1915. 134:Glyn Mills made its own acquisitions – 903:Herbert Baker buildings and structures 875: 191: 908:British companies established in 1753 385: 295: 669:National Commercial Bank of Scotland 43:The bank was founded under the name 888:Defunct banks of the United Kingdom 590:National Westminster Bank of Canada 158:Purchased by Royal Bank of Scotland 13: 14: 934: 923:1969 disestablishments in England 411: 346: 126:Acquisition of Holt's and Child's 353: 94:), and the firm became known as 38: 918:1753 establishments in England 570:International Westminster Bank 317: 289: 274: 218: 1: 595:National Westminster Bank USA 560:Fuller, Banbury, Nix & Co 185: 898:Banks disestablished in 1969 96:Glyn, Mills, Currie & Co 55:had been a prominent London 7: 674:Commercial Bank of Scotland 373:20th Century Press Archives 10: 939: 696:Williams & Glyn's Bank 281:Gore-Browne, Eric (1933). 180:Williams & Glyn's Bank 33: 893:Banks established in 1753 818: 810:NatWest Staff Association 802: 779: 723: 679:National Bank of Scotland 656: 635: 628: 550:Deutsche Westminster Bank 532: 525: 509: 493: 471: 434:National Westminster Bank 421: 45:Vere, Glyn & Hallifax 20:Glyn, Mills & Company 664:Citizens Financial Group 585:National Provincial Bank 112:collapse of Barings Bank 77:Glyn, Hallifax and Mills 67:were leading customers. 787:Richard Haythornthwaite 600:NatWest Equity Partners 449:Holt's Military Banking 100:Bankers' Clearing House 86:Acquisition of Currie's 883:Royal Bank of Scotland 713:Williams Deacon's Bank 686:Tesco Personal Finance 439:Royal Bank of Scotland 325:"Glyn, Mills & Co" 176:Williams Deacon's Bank 168:Royal Bank of Scotland 102:, but the collapse of 28:Royal Bank of Scotland 701:Glyn, Mills & Co. 517:Lombard North Central 81:Glyn, Mills & Co. 860:www.natwestgroup.com 823:Annual group revenue 540:Banco NatWest España 283:Glyn, Mills & Co 232:. pp. 244–254. 73:Lord Mayor of London 65:Hudson's Bay Company 746:Churchill Insurance 706:A Ruffer & Sons 172:A Ruffer & Sons 780:Board of directors 494:Investment banking 303:The New York Times 259:The New York Times 49:Goldsmiths Company 870: 869: 795:(Chief Executive) 775: 774: 771: 770: 736:Direct Line Group 526:Former businesses 456:RBS International 930: 863: 861: 829: 825:: £14.7 billion 643:Adam and Company 633: 632: 615:Westminster Bank 530: 529: 485:Messrs. Drummond 461:Isle of Man Bank 429:NatWest Holdings 415: 406: 399: 392: 383: 382: 363: 358: 357: 356: 341: 340: 338: 336: 321: 315: 314: 312: 310: 293: 287: 286: 278: 272: 271: 269: 267: 250: 244: 243: 222: 216: 215: 204: 162:The approach of 938: 937: 933: 932: 931: 929: 928: 927: 873: 872: 871: 866: 859: 857: 827: 814: 798: 767: 719: 691:The One account 652: 648:Child & Co. 624: 521: 505: 501:NatWest Markets 489: 479:Coutts & Co 472:Private banking 467: 417: 413: 410: 359: 354: 352: 349: 344: 334: 332: 323: 322: 318: 308: 306: 294: 290: 279: 275: 265: 263: 252: 251: 247: 240: 226:Ziegler, Philip 223: 219: 205: 192: 188: 160: 140:Child & Co. 128: 116:Bank of England 88: 41: 36: 17: 12: 11: 5: 936: 926: 925: 920: 915: 910: 905: 900: 895: 890: 885: 868: 867: 865: 864: 851: 838: 832: 819: 816: 815: 813: 812: 806: 804: 800: 799: 797: 796: 790: 783: 781: 777: 776: 773: 772: 769: 768: 766: 765: 760: 759: 758: 753: 748: 743: 733: 727: 725: 721: 720: 718: 717: 716: 715: 710: 709: 708: 693: 688: 683: 682: 681: 676: 666: 660: 658: 654: 653: 651: 650: 645: 639: 637: 630: 626: 625: 623: 622: 617: 612: 607: 602: 597: 592: 587: 582: 577: 572: 567: 565:Grindlays Bank 562: 557: 552: 547: 542: 536: 534: 527: 523: 522: 520: 519: 513: 511: 507: 506: 504: 503: 497: 495: 491: 490: 488: 487: 482: 475: 473: 469: 468: 466: 465: 464: 463: 453: 452: 451: 446: 441: 436: 425: 423: 422:Retail banking 419: 418: 409: 408: 401: 394: 386: 380: 379: 365: 364: 348: 347:External links 345: 343: 342: 316: 288: 273: 245: 238: 217: 208:Fulford, Roger 189: 187: 184: 159: 156: 152:Clearing House 148:Earl of Jersey 136:Holt & Co. 127: 124: 122:did the same. 104:Overend Gurney 87: 84: 40: 37: 35: 32: 15: 9: 6: 4: 3: 2: 935: 924: 921: 919: 916: 914: 911: 909: 906: 904: 901: 899: 896: 894: 891: 889: 886: 884: 881: 880: 878: 862: 855: 852: 850: 846: 842: 839: 836: 833: 830: 824: 821: 820: 817: 811: 808: 807: 805: 801: 794: 791: 788: 785: 784: 782: 778: 764: 761: 757: 754: 752: 749: 747: 744: 742: 739: 738: 737: 734: 732: 729: 728: 726: 722: 714: 711: 707: 704: 703: 702: 699: 698: 697: 694: 692: 689: 687: 684: 680: 677: 675: 672: 671: 670: 667: 665: 662: 661: 659: 655: 649: 646: 644: 641: 640: 638: 636:Private banks 634: 631: 627: 621: 618: 616: 613: 611: 608: 606: 603: 601: 598: 596: 593: 591: 588: 586: 583: 581: 578: 576: 573: 571: 568: 566: 563: 561: 558: 556: 555:District Bank 553: 551: 548: 546: 543: 541: 538: 537: 535: 531: 528: 524: 518: 515: 514: 512: 510:Asset finance 508: 502: 499: 498: 496: 492: 486: 483: 480: 477: 476: 474: 470: 462: 459: 458: 457: 454: 450: 447: 445: 442: 440: 437: 435: 432: 431: 430: 427: 426: 424: 420: 416: 414:NatWest Group 407: 402: 400: 395: 393: 388: 387: 384: 378: 374: 370: 367: 366: 362: 351: 330: 326: 320: 305: 304: 299: 292: 284: 277: 261: 260: 255: 249: 241: 239:0-00-217508-8 235: 231: 227: 221: 213: 209: 203: 201: 199: 197: 195: 190: 183: 181: 177: 173: 169: 165: 155: 153: 149: 144: 141: 137: 133: 123: 121: 117: 113: 107: 105: 101: 97: 93: 92:Raikes Currie 83: 82: 78: 74: 68: 66: 62: 58: 54: 50: 46: 39:Early history 31: 29: 25: 21: 853: 841:Stock symbol 840: 834: 822: 793:Paul Thwaite 731:Angel Trains 700: 657:Retail banks 610:Smith's Bank 580:Lombard Bank 361:Banks portal 335:21 September 333:. Retrieved 328: 319: 309:29 September 307:. Retrieved 301: 291: 282: 276: 266:29 September 264:. Retrieved 262:. 4 May 1924 257: 248: 229: 220: 214:. Macmillan. 211: 164:World War II 161: 145: 129: 108: 95: 89: 80: 76: 69: 61:Martins Bank 53:Richard Glyn 44: 42: 24:private bank 19: 18: 803:Trade union 741:Direct Line 605:Parr's Bank 444:Ulster Bank 132:World War I 120:Rothschilds 16:UK business 877:Categories 789:(Chairman) 763:Jamjarcars 751:Green Flag 186:References 835:Employees 756:Privilege 57:drysalter 837:: 61,500 620:Worldpay 228:(1988). 210:(1953). 854:Website 847::  533:NatWest 375:of the 371:in the 34:History 831:(2023) 331:. 2013 236:  22:was a 724:Other 337:2013 311:2021 268:2021 234:ISBN 849:NWG 845:LSE 828:GBP 629:RBS 377:ZBW 879:: 856:: 843:: 545:Bó 327:. 300:. 256:. 193:^ 182:. 30:. 481:. 405:e 398:t 391:v 339:. 313:. 285:. 270:. 242:.

Index

private bank
Royal Bank of Scotland
Goldsmiths Company
Richard Glyn
drysalter
Martins Bank
Hudson's Bay Company
Lord Mayor of London
Raikes Currie
Bankers' Clearing House
Overend Gurney
collapse of Barings Bank
Bank of England
Rothschilds
World War I
Holt & Co.
Child & Co.
Earl of Jersey
Clearing House
World War II
Royal Bank of Scotland
A Ruffer & Sons
Williams Deacon's Bank
Williams & Glyn's Bank





Fulford, Roger

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