Complete 8 page APA formatted essay: River Plate Trust, Loan & Agency Company Ltd.The operation of the companies in the region suffered a setback in the period when the financial crisis of 1930 was fe

Complete 8 page APA formatted essay: River Plate Trust, Loan & Agency Company Ltd.

The operation of the companies in the region suffered a setback in the period when the financial crisis of 1930 was felt. however, some companies strived strove to become international firms. One of the companies formed by the Morrison Group in the River plate region was the River Plate Trust, Loan, and Agency (RPTLA), which was formed for in 1881 for three main reasons. The first reason for the formation of the firm was the acquisition of assets as a trust. This was accomplished by the acquisition of the assets of the Mercantile Bank of the River Plate, and the second reason was the provision of loan facilities to the people in the region. This was done through the lending of money in form of mortgages in Argentina and Uruguay, and among the last reasons was the performing of financial agency duties for individuals and firms in the River Plate Region. Another reason for the formation of the firm was the motivation to invest in the mortgage business in the River Plate Region, and the expected high economic growth of the region. The previous occupations of the major stakeholders in the firm were also a big factor in the formation of the RPTLA.