![]() ![]() In 1977 a branch was once again opened in Oxford.īy the 1980s competition in the personal sector had become unprecedentedly fierce and Child & Co re-established its private banking traditions. During the Second World War the main banking departments were evacuated to Osterley in West London, and in 1942 the Oxford branch was transferred to Martins Bank.ĭuring the 1950s and 1960s new services were introduced. In August 1939 Glyn's was itself acquired by the Royal Bank of Scotland. Child & Co continued to trade independently after the acquisition. In 1924 the executors of the 8th Earl of Jersey sold the firm to Glyn, Mills, Currie, Holt & Co. When Temple Bar was removed and the street widened, Child & Co built an elegant new banking house which opened in 1880. Sarah acted as senior partner of the bank from 1806 to 1867. The bank's proximity to the Inns of Court attracted many customers from among the legal profession and links were developed with a number of Oxford colleges.įrancis Child's grandson Robert had no male heirs and so the Child fortune was eventually settled on his granddaughter, Sarah Sophia Fane, who married the 5th Earl of Jersey. The firm survived many acute banking crises thanks to its aristocratic partners and their connections. Child died in 1713 and his three surviving sons ran the business in succession until the 1750s.Ĭhild & Co remained a relatively small, private bank throughout the nineteenth century with, for example, profits of £49,490 in 1845. In 1698 he was elected Lord Mayor of London. Supported by the patronage of the Earl of Dorset, who was Lord Chamberlain, he regularly advanced large sums of money to the Treasury. In 1689 he was knighted and appointed 'jeweller in ordinary' to King William III, and he later served as a Member of Parliament. In 1681 Francis Child, who had joined Blanchard in partnership by 1677 and had also married Blanchard's step-daughter, inherited the entire business. The firm gradually diversified into banking. Blanchard was joined by Francis Child in around 1665, and in 1673 Blanchard & Child moved, taking their trade sign with them, to a new building on part of the site where Child & Co still trades today at the west end of Fleet Street. The origins of the private bank of Child & Co can be traced back to the business of the goldsmith Robert Blanchard, who by 1649 was trading in the Strand, London, and whose premises by 1661 were known by the sign of the Marygold. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |