Sir Kit McMahon R.I.P - 20 November 2024

KINDLY SHARED BY MICHAEL WATSON ON 30 NOVEMBER 2024

So sad to see the passing of Sir Kit McMahon who was instrumental in saving Midland Bank from collapse during those dark days of the Crocker debacle. He was Deputy Governor of the Bank of England and parachuted into the crippled Midland in 1986 with a clear mandate to keep the business afloat and find a buyer. He succeeded in doing both with flying colours. Ahuge achievement.

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NEWSLETTER 67