ABSTRACT
Looking back from the 1960s it is apparent that the comparatively static phase of British banking extending from the early ’twenties to the early ’fifties was exceptional. Scottish banking, which had consolidated itself so much earlier than English banking, had actually enjoyed a longer period, reaching back into the last century, during which change was slow. Today the pace of technological and economic change is much faster, and the rate of adaptive reaction forced on the banks has risen in equal measure.
