Open Daily: 10am - 10pm | Alley door pickup 10am - 7pm 3038 Hennepin Ave Minneapolis, MN
612-822-4611

  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
The Organized Criminal Activities of the Bank of Credit and Commerce International: Essays and Documentation: In Memoriam David Whitby

The Organized Criminal Activities of the Bank of Credit and Commerce International: Essays and Documentation: In Memoriam David Whitby

Block, A.

Hardcover

AccountingBusiness GeneralCriminology

ISBN10: 0792370627
ISBN13: 9780792370628
Publisher: Springer Nature
Published: Oct 31 2001
Pages: 176
Weight: 0.96
Height: 0.50 Width: 6.14 Depth: 9.21
Language: English
face. As myoid boss when I joined the discout market - who had worked as a bond-salesman on Wall Street during the Great Crash of 1929, through the Credit Anstalt crash, and served in British military intelligence during the Second World War - always used to say: Remember! The telephone is not a secure instrument. During the 1960s, foreign banks had flooded into London in pursuit of Eurodollar deposits. Arabs were spending their new found oil wealth in West End casinos. Ex- change Control regulations were tight. In 1971, when our story begins, new banks on the fringe took advantage of the property boom, fuelled by Tory Chancellor Barber's first Budget. The discount houses (whose functions and special privileges at the Bank were soon arcane) became active traders in US dollar and foreign currency paper, and took stakes in the new money brokers (or barrow boys, as the snobs called them, since the sharpest brokers were mainly Cockney Eastenders). While the gentleman's club was quickly being replaced by the fast growing interbank swaps market (now LIFFE), the discount houses had found a new role to pla- opening representative offices overseas (Gillett Brothers, where I was then chairman, in Southern Africa, UAE, Australia and Singapore, with brokering subsidiaries in Europe, Far East, and North America) - gathering market intelligence around the world, as the invisible eyes and ears of the Bank of England.

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