Michael Collins is a professor of financial history at Leeds University Business School and is an expert on bank-corporate relations and central banking. His current research projects include ‘Bank Provision of SME Finance, 1940-70’ and ‘Institutional Investors and the Development of the British Capital Market, 1900-1960’. His recent publications include Michael Collins & Mae Baker, Commercial Banks and Industrial Finance in England and Wales, 1860-1913.

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19 October 2007
On 19 October, 1987 – so-called, ‘Black Monday’ - the world’s stock exchanges suffered very sharp price falls. The...