Frederick Huth & Co

Frederick Huth & Company was a British bank established in 1809, which became part of British Overseas Bank in 1936.[1]

History

In 1809, Frederick Huth, a German-born British merchant, established the London bank Frederick Huth.[2]

In 1921 Huths encountered severe difficulties as a result of war losses on its continental acceptance business. The Bank of England took control of its affairs and in 1922 arranged a merger with Konig Brothers. In 1923 a new partnership was established, aided by a £2 million Bank of England loan. Huths, however, nerver fully recovered from its wartime losses. After its surviving banking business was transferred to the British Overseas Bank (est. 1919) in 1936, the firm was wound up.[3] The British Overseas Bank in turn became part of the Royal Bank of Scotland in 1962.[1]

References
  1. "British Overseas Bank Ltd". heritagearchives.rbs.com. Retrieved 2016-09-10.
  2. "AIM25 collection description". aim25.ac.uk. Retrieved 2016-09-10.
  3. John Orbell/ Alison Turton: "British Banking - A Guide To Historical Records", Ashgate Publishing, Aldershot 2001, p.286-287, ISBN 0-7546-0295-8
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