Which 1970s crash ended with the collapse of the British investment bank Slater Walker?

The Secondary banking crisis of 1973–1975 ended with the collapse of the British investment bank Slater Walker.

The crisis developed in the United Kingdom after property speculation and rapid credit expansion during the early 1970s. Secondary banks were smaller institutions that relied heavily on short-term borrowing and lending to property developers. When interest rates rose and property prices weakened, refinancing became difficult.

Slater Walker, once a prominent British financial group led by Jim Slater, encountered severe problems as asset values fell and confidence evaporated. In 1975, the Bank of England arranged support for the institution, but Slater Walker’s banking operations were effectively rescued and reorganized.

This episode is distinct from the 1973–1974 global stock-market crash, although both were connected to inflation, high interest rates, and economic weakness. It is also different from Britain’s 1976 balance-of-payments crisis.