The pride of Lucifer: Morgan Grenfell, 18381988 : the unauthorised biography of a merchant bank,New
The pride of Lucifer: Morgan Grenfell, 18381988 : the unauthorised biography of a merchant bank,New

The pride of Lucifer: Morgan Grenfell, 18381988 : the unauthorised biography of a merchant bank,New

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When Morgan Grenfell was floated on the London Stock Exchange in June 1986, enough money was pledged to buy the shares on offer nearly five times over. It was an astonishing vote of confidence in a bank that had in the previous five years more than doubled its size and quadrupled its profits. By Christmas of the same year Morgan Greenfell had fallen like Lucifer.

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