Legacy of finance
Pál Péter Kolozsi
Author
Pál Péter Kolozsi
This essay sums up an eabh conference about the so called haute banque which had emerged as an elite or sub-category of private banks in France during the Restauration. These institutions dealt with major international businesses and also had business with the State. With the beginning of the 20th century their importance continuously began to decline until it had vanished after World War II. Interestingly, many of those former haute banque houses came back on the scene again at the beginning of the 21st century. How did this happen? And why?