Men and Money: The City in the 1960s | A portrait of the bankers who ran London's 'Square Mile'
CHANNEL | BBC 2
FIRST BROADCAST | 19 May 1964
DURATION | 48 minutes 20 seconds
The tricky world of insurance is explored in this edition of the series where, as one expert puts it, 'the many pay for the few'. The backroom boys of the underwriting business discuss losses associated with the Great Train Robbery. They also relate how underworld contacts can sometimes lead to valuable recoveries, and examine the close relationship between the insurance industry and the stock market, where in 1963 the Prudential alone invested £93m.
Contains language prevalent at the time.
Lloyds of London was founded by coffee house owner Edward Lloyd in the 17th century. Recognising that his customers were merchants, bankers and underwriters who often specialised in marine insurance, he supplied his clientele with shipping information that would come to be known as the 'Lloyd's List'. The word 'underwriter' derives from the practice of writing one's name under the total amount of money one was prepared to risk for a given premium.
What does the Bank of England do?
'People trust banks and the banks trust the government.'
A window into the world of the 'men in dark suits'.
A look at the analysts whose predictions help navigate the money maze.
Behind the scenes with the 'Man from the Pru' and the 'Names' at Lloyds.
What makes the Square Mile so attractive for foreign investment?
This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.