Deputy governor of the Bank of England who helped to rescue the Midland Bank from collapse in the late 1980s At an age when many people are preparing for retirement, Sir Kit McMahon, who has died aged 97, made his first move into business. In 1986 McMahon, an economist and central banker, was parachuted into Midland Bank to rescue the once-mighty institution - a process that eventually led to its takeover by the Hongkong and Shanghai Bank (HSBC). The period was, he said, "the most exciting and e...
Deputy governor of the Bank of England who helped to rescue the Midland Bank from collapse in the late 1980s At an age when many people are preparing for retirement, Sir Kit McMahon, who has died aged 97, made his first move into business. In 1986 McMahon, an economist and central banker, was parachuted into Midland Bank to rescue the once-mighty institution - a process that eventually led to its takeover by the Hongkong and Shanghai Bank (HSBC). The period was, he said, "the most exciting and e...
Share this Article
Recommended