A ‘group washing machine’ and ‘tangled skein’: the failure of Slater Walker (opens in new tab)

David Rule In August 1977, the Bank of England purchased the bank Slater Walker Limited, completing its rescue. The bank had been a subsidiary of Slater Walker Securities, controlled by Jim Slater, which also owned an insurer. This post describes how Slater misused depositors’ and policyholders’ funds to finance his wider business interests. The Bank … Continue reading A ‘group washing machine’ and ‘tangled skein’: the failure of Slater Walker →