Take Your Partners: Orion, the Consortium Banks and the Transformation of the Euromarkets

by Richard Roberts, Christopher Arnander

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Book Description
This book tells the story of the rise and fall of London's consortium banks-specialist joint venture banks formed to operate in the Euromarkets-from the mid-1960s to the 1990s. It focuses in particular on Orion Bank, the leading consortium bank, formed in 1970 by six of the world's biggest banks. Orion and other consortium banks were prominent players in the petrodollar recycling boom, until they succumbed in the 1980s to the Third World debt crisis and to competition from their parent banks.

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