Financial dealers on Wall street and in the city of London — is the stress different?

1994 ◽  
Vol 10 (2) ◽  
pp. 93-100 ◽  
Author(s):  
Howard Kahn ◽  
Cary L. Cooper ◽  
Sharon P. Elsey
Keyword(s):  
Wall Street ◽  
City Of London ◽  
The City

scholarly journals J.W. McConnell and the Chancellorship of McGill University, 1942–3

Fontanus ◽  
2013 ◽  
Vol 13 ◽  
Author(s):  
William Fong
Keyword(s):  
Wall Street ◽  
International Nickel Company ◽  
Board Of Governors ◽  
War Effort ◽  
Mcgill University ◽  
Business Acumen ◽  
The University ◽  
City Of London ◽  
The City ◽  
Major Shareholder

J.W. McConnell (1877–1963) was one of the most successful Canadian businessmen of his time, and possibly the richest man in Canada for much of his life. A promoter of stocks early in his career, he soon became a major industrialist and investor. He was president of St. Lawrence Sugar Refineries Limited for almost fifty years and publisher of the Montreal Daily Star and other newspapers for almost twenty-five. Among the companies of which he was a major shareholder were the International Nickel Company of Canada, Brazilian Traction, Montreal Tramways, Montreal Light, Heat and Power, Ogilvie Flour Mills, Canada Steamship Lines, and Borden. His reputation spread to Wall Street and the City of London, not only for his business acumen but also for his great generosity to medical and educational causes. He was one of the principal founders of the Montreal Neurological Institute. From 1909 to 1927, he was one of the most effective fundraisers in the country, for the YMCA, the war effort through Victory Loans, and the hospitals of Montreal. And for the remainder of his life he was the most generous contributor to good causes in Montreal if not in Canada as a whole.With Lord Strathcona and Sir William Macdonald, he became one of the three greatest benefactors of McGill. After the death of Sir Edward Beatty, the Chancellor of the university, in 1943, McConnell was a natural candidate to succeed him. The board of governors, who were responsible for choosing a new Chancellor, were nearly all businessmen like him, and his assumption of the post would have been indeed in the tradition of James Ferrier, Strathcona, Macdonald and Beatty. But McConnell did not become Chancellor, and this is the story of why he did not. In abbreviated form, this was published in chapter 17 of the author’s biography of McConnell in 2008. This article however presents considerably more detail.ResuméJ.W. McConnell (1877–1963) fut un des hommes d’affaires les plus prospères de son époque, et possiblement un des hommes les plus riches du Canada pour la plus grande partie de sa vie. Promoteur d’actions au début de sa carrière, il devint rapidement un industriel et un investisseur d’importance. Il fut président de la compagnie St. Lawrence Sugar Refineries Limited pendant presque cinquante ans, et éditeur du Montreal Daily Star et de divers autres journaux pendant presque vingt-cinq ans. Il fut un actionnaire important de plusieurs compagnies, notamment International Nickel Company of Canada, Brazilian Traction, Montreal Tramways, Montreal Light, Heat and Power, Ogilvie Flour Mills, Canada Steamship Lines, et Borden. Sa réputation se progagea jusqu’à Wall Street et Londres, non seulement pour sa perspicacité en affaires mais aussi pour sa grande générosité envers les bonnes causes dans les domaines de la medecine et de l’éducation. Il fut un des fondateurs principaux de l’Institut neurologique de Montréal. De 1909 à 1927, il fut un collecteur de fonds les plus efficaces au Canada, au profit de l’organisme YMCA, de l’effort de guerre par le biais du programme des Prêts de la victoire, et des hôpitaux montréalais. Il demeura pour le reste de sa vie un fort généreux contributeur aux bonnes causes à Montréal, sinon au Canada tout entierAvec Lord Strathcona et Sir William Macdonald, il devint une des trois plus grands bienfaiteurs de l’Université McGill. Après la mort de Sir Edward Beatty, le chancelier de l’Université, en 1942, McConnell fut un candidat tout désigné pour lui succéder. Les membres du Conseil des gouverneurs, qui avaient la responsabilité de choisir un nouveau chancelier, étaient presque tous des hommes d’affaire comme lui, et il aurait été dans la tradition de James Ferrier, Strathcona, Macdonald et Beatty que McConnell accède à ce poste. Toutefois, McConnell ne devint pas chancelier, et ceci est l’histoire qui raconte pourquoi il ne l’est pas devenu. Elle a été publiée sous la forme du chapitre 17 de la biographie de McConnell. Cet article, toutefois, présente considérablement plus de détails.

Emergency Sales in the US and the UK

2017 ◽  
Author(s):  
Christopher Mallon ◽  
Shai Y. Waisman ◽  
Ray C. Schrock
Keyword(s):  
Financial Distress ◽  
Brand Name ◽  
Negative Effects ◽  
Wall Street ◽  
Financial Position ◽  
Financial Difficulties ◽  
The Us ◽  
The Uk ◽  
City Of London ◽  
The City

Any business that relies on confidence in its financial position, its brand name or goodwill, talented (but mobile) employees, or short-term contracts with customers or counterparties will be particularly hard hit by suggestions that it is or may soon be experiencing financial distress. Businesses of this type have been likened to ‘melting ice cubes’—once exposed to the heat of potential insolvency, value in the business melts away rapidly as customers and counterparties look to terminate relationships, key employees look to exit, and the goodwill and brand name of the business become tarnished. The catastrophic and rapid collapse during 2008 of famous Wall Street and the City of London names illustrated this in dramatic fashion, but businesses of almost every type will suffer negative effects once financial difficulties become more widely known.

The Ideational Shaping of State Power and Capacity: Winning Battles but Losing the War over Bank Reform in the US and UK

2014 ◽  
Vol 49 (3) ◽  
pp. 342-368 ◽  
Author(s):  
Stephen Bell ◽  
Andrew Hindmoor
Keyword(s):  
Banking Sector ◽  
Wall Street ◽  
Political Actors ◽  
High Profile ◽  
The Us ◽  
Bank Reform ◽  
The One ◽  
City Of London ◽  
The Relationship ◽  
The City

This article extends a recent line of research arguing that the power and capacity of political actors (including states) is not just the product of particular fixed attributes but is also the outcome of politicalrelationsbetween key interlocutors, including ideational relations. State elites, especially government leaders, have persisted with a mindset that still values the economic centrality of a large and complex banking sector. This way of thinking has conditioned the relationship between, on the one hand, the US and UK governments and, on the other, Wall Street and the City of London and has led to a form of ‘dysfunctional embeddedness’. Government leaders may have been able to win high-profile policy victories over the banking sector in the post-crisis period, but in accepting a large, complex and constantly evolving financial system with high levels of systemic risk, they have unwittingly placed themselves at a continuing disadvantage in the regulatory arena.

Francis Woodleke’s Window

2017 ◽  
Author(s):  
Shannon McSheffrey
Keyword(s):  
Urban Environment ◽  
Drainage Channels ◽  
City Of London ◽  
The City

A royal enquiry was commissioned in the mid-1530s to investigate the boundaries of the sanctuary of St Martin le Grand. This enquiry was precipitated not by a problem with felonious sanctuary seekers, but instead by a conflict between the City of London and Dutch-born shoemakers making and selling their wares in St Martin’s precinct despite prohibitions against immigrant labour. The testimony in the enquiry uncovers the complexity of jurisdictional rights woven into the idea of sanctuary: battles over labour, trade, and immigration were conflated with asylum for accused felons in both attacks and defences of sanctuary privilege. The witnesses’ statements also reveal how the boundaries of the sanctuary—often marked only by convention or by drainage channels in the street—functioned in the urban environment.

Introduction

2017 ◽  
Author(s):  
Aled Davies
Keyword(s):  
Industrial Development ◽  
The Political ◽  
Social Democratic ◽  
Financial Centre ◽  
Conservative Government ◽  
The Social ◽  
Post War ◽  
City Of London ◽  
The Relationship ◽  
The City

This book is a study of the political economy of Britain’s chief financial centre, the City of London, in the two decades prior to the election of Margaret Thatcher’s first Conservative government in 1979. The primary purpose of the book is to evaluate the relationship between the financial sector based in the City, and the economic strategy of social democracy in post-war Britain. In particular, it focuses on how the financial system related to the social democratic pursuit of national industrial development and modernization, and on how the norms of social democratic economic policy were challenged by a variety of fundamental changes to the City that took place during the period....

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