Overend, Gurney and Company
London bank, collapsed 1866 / From Wikipedia, the free encyclopedia
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Overend, Gurney & Company was a London wholesale discount bank, known as "the bankers' bank", which collapsed in 1866 owing about £11 million, equivalent to £1,084 million in 2021.[1] The collapse of the institution triggered a banking panic.[2]
Quick Facts Company type, Industry ...
Company type | Public |
---|---|
Industry | Finance |
Founded | 1800 (1800) |
Founder | Thomas Richardson John Overend |
Defunct | 10 May 1866 (1866-05-10) |
Fate | Bankruptcy |
Headquarters | 65 Lombard Street, London, UK |
Area served | United Kingdom |
Services | Financial services |
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