City of Glasgow Bank

The City of Glasgow Bank is now largely known for its spectacular collapse in October 1878, ruining all but 254 of its 1,200 shareholders, whose liability was not limited. It was the last case of a British bank run until that of Northern Rock in 2007.

City of Glasgow Bank

The City of Glasgow Bank is now largely known for its spectacular collapse in October 1878, ruining all but 254 of its 1,200 shareholders, whose liability was not limited. It was the last case of a British bank run until that of Northern Rock in 2007.