Talk:James Wilson (businessman)

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A Question Of Information

During the economic crisis of 1837, he lost most of his wealth when the price of indigo fell. By 1839 he sold most of his property and avoided bankruptcy. However, in 1853 he founded The Chartered Bank of India, Australia and China, which later merged with the Standard Bank to form Standard Chartered Bank in 1969.[citation needed]

Question: how does someone who lost most of his wealth and sold most of his property to avoid bankruptcy go on to found a bank? Something happened in between, someone lent him the money to start that bank. MrSativa (talk) 03:19, 10 February 2016 (UTC)[reply]

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