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The development of nineteenth century banking

A total of 138 joint-stock banks were created in England and Wales between 1826 and 1844 following the 1826 Bank Act, prompted by the banking crisis of 1825/6, which allowed the formation of such institutions.

Research into these new financial institutions and their development through the nineteenth century has examined the relationships between bank managements, shareholders and customers; how these new institutions found a place in the market, in particular in developing a strong corporate identity; and how these banks successfully expanded via branch networks.

Authors Professor Lucy Newton