Desperate adventurers and men of straw: the failure of City of Glasgow Bank and its enduring impact on the UK banking system

Quarterly Bulletin 2015 Q1 article
Published on 09 March 2015

By Richard Button and Samuel Knott of the Bank’s Financial Stability Strategy and Risk Directorate, and Conor Macmanus and Matthew Willison of the Bank’s Prudential Policy Directorate.

City of Glasgow Bank was the largest commercial banking failure in the United Kingdom prior to the recent financial crisis and arguably shaped the future structure of the UK banking system.

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Find out the link between a public recital of the works of Shakespeare, a gang of ‘desperate adventurers’ and bank directors being sent to prison

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