A Ruffer & Sons
A Ruffer & Sons was a Franco-German bank founded in Lyon in 1872 and dissolved in 1964.
History
Founded by Baron Joseph Ruffer, a German merchant, in 1872 to support his family's involvement in the silk trade. By the turn of the century the bank had diversified into supporting farming and the wool trade in both French and Belgium Flanders and opened a branch in London to manage its cross Channel interests. Hit badly by losses during the First World War it was forced to seek a loan from the Bank of England and convert from a partnership to a limited company, with the bank as primary shareholder. These shares were put up for disposal by the Disposal and Liquidation Commission, but in 1924 were transferred to the Securities Trust.[1]
Further losses during the 1930s, and the Second World War led to the company being liquidated voluntarily in 1941. The little banking business that remained was transferred to the Bank Glyn, Mills & Co in London, a major Securities Trust Ltd shareholder, in 1946. A Ruffer & Sons was finally dissolved in 1964.[2]
See also
References
- ^ Cerretano, Valerio (2007). The Treasury, Britain’s post-war reconstruction and the industrial intervention of the Bank of England, 1921-1929. Paris: PARIS-JOURDAN SCIENCES ECONOMIQUES.
- ^ Royal Bank of Scotland archives, accessed 4 Februar 2021
External links