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Morgan, Grenfell & Co.
Morgan, Grenfell & Co. was a leading London-based investment bank regarded as one of the oldest and once most influential British merchant banks.
==History==
The bank was founded by the American George Peabody in 1838 as the UK branch of his US bank which subsequently became known as J.P. Morgan & Co.〔Burk, Kathleen〕 In 1904, Edward Grenfell was made a partner in the firm, and, in 1909, it underwent a change of name to become Morgan, Grenfell and Company. It played a key role in reconstructing Europe in the 1920s and had an extremely effective corporate finance department.〔 J.P. Morgan & Co. divested 33% of its shares in Morgan Grenfell in 1933 and all the remaining shares in 1982.〔(Germans to Buy Morgan Grenfell ) New York Times, 28 November 1989〕
In 1990 Morgan Grenfell was acquired by Deutsche Bank for $1.48 billion and was renamed Deutsche Morgan Grenfell 〔 until 1999 when the use of the Morgan Grenfell name was discontinued by Deutsche Bank.〔(Morgan Grenfell bites the dust ) BBC News, 4 June 1999〕
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