The First Hostile Takeover: S.G. Warburg
James Macdonald, 4 November 2010
The rise of S.G. Warburg & Co was the most striking feature of the postwar City. Founded by Jewish refugees from Nazi Germany in the 1940s, the bank was an awkward upstart in the closed shop of London merchant banking. Through a combination of hard work, professionalism and sheer boldness, it became one of the biggest of the merchant banks, and certainly the most dynamic. It was for a...