Professor Lucy Newton

Professor in Business History

Pro-Dean Education and Student Success

Specialisms

Financial History,
History of UK retail banks,
History of corporate governance,
History of consumer durable (pianos)

Location

114, Henley Business School, Whiteknights Campus

Professor Lucy Newton is an expert in the field of UK retail bank history, a history of UK corporate governance and the history manufacture and marketing of pianos. She is now a Professor in Business History and Pro Dean for Education and Student Success at Henley Business School.

Lucy holds a PhD from the Department of Economic and Social History at the University of Leicester, where she subsequently worked, before moving to the Department of History at UEA. She took up a post in the Economics Department at the University of Reading in 1999, where she is now a Professor in Business History and Director of Teaching and Learning at Henley Business School.

Lucy teaches on undergraduate, masters and PhD programmes. Her areas of teaching expertise are:

Business ethics
Corporate responsibility
History of entrepreneurship and business history

She has supervised doctoral students in financial and business history.

Her published research is focused on the history of:

British retail banks
Corporate identity
British branch banking
Corporate governance and trust

In terms of methodology, she is currently particularly interested in the use of objects and artefacts in banking history, such as art, portraiture, architecture and uniforms.

The historical development of corporate social responsibility: ideas, institutions, and practice

Reference: Lomas, J. M. and Newton, L. (2026) The historical development of corporate social responsibility: ideas, institutions, and practice. In: Akrivou, K. and González-Cantón, C. (eds.) Elgar Business Ethics Encyclopaedia. Edward Elgar Publishing, Cheltenham. (In Press)

Henley faculty authors:

Professor Lucy Newton

Ethics and corporate governance: insights from UK business history

Reference: Lomas, J. M. and Newton, L. A. (2026) Ethics and corporate governance: insights from UK business history. In: Akrivou, K. and Canton, C. G. (eds.) Elgar Business Ethics Encyclopaedia. Edward Elgar Publishing Ltd, Cheltenham, Gloucestershire, UK. (In Press)

Henley faculty authors:

Professor Lucy Newton

The very hungry banker: honesty, trust and reputation in Fekete v. Citibank (2023)

Reference: Barnes, V. , De Pascalis, F., Loughrey, J. and Newton, L. (2026) The very hungry banker: honesty, trust and reputation in Fekete v. Citibank (2023). European Business Law Review. ISSN 1875-841X (In Press)

Henley faculty authors:

Professor Lucy Newton

Nigel Farage, Coutts and a clash of values?: The limits of inclusivity in personal banking

Reference: Barnes, V., De Pascalis, F. and Newton, L. (2024) Nigel Farage, Coutts and a clash of values?: The limits of inclusivity in personal banking. In: Barnes, V., Hardman, J., Micheler, E. and Wheeler, S. (eds.) Woke capitalism, CSR and ESG. Edinburgh University Press, Edinburgh. (In Press)

Henley faculty authors:

Professor Lucy Newton

Women, uniforms and brand identity in Barclays bank

Reference: Newton, L. and Barnes, V. (2022) Women, uniforms and brand identity in Barclays bank. Business History, 64 (4). pp. 801-830. ISSN 1743-7938 doi: 10.1080/00076791.2020.1791823

Henley faculty authors:

Professor Lucy Newton

A “quiet victory”: National Provincial, Gibson Hall, and the switch from comprehensive redevelopment to urban preservation in 1960s London

Reference: Barnes, V. , Newton, L. and Scott, P. (2022) A “quiet victory”: National Provincial, Gibson Hall, and the switch from comprehensive redevelopment to urban preservation in 1960s London. Enterprise and Society, 23 (1). pp. 33-67. ISSN 1467-2235 doi: 10.1017/eso.2020.35

Henley faculty authors:

Professor Lucy Newton - Professor Peter Scott

Corporate identity, company law and currency: a survey of community images on English bank notes

Reference: Barnes, V. and Newton, L. (2022) Corporate identity, company law and currency: a survey of community images on English bank notes. Management & Organizational History, 17 (1-2). pp. 43-75. ISSN 1744-9367 doi: 10.1080/17449359.2022.2078371

Henley faculty authors:

Professor Lucy Newton

The City of financing regions and industrial clusters in the nineteenth century

Reference: Barnes, V. and Newton, L. (2022) The City of financing regions and industrial clusters in the nineteenth century. In: Wilson, J. F., Corker, C. and Lane, J. (eds.) Industrial Clusters: Knowledge, Innovation Systems and Sustainability in the UK. Routledge International Studies in Business History. Routledge, New York, USA. ISBN 9780367465223 doi: 10.4324/9781003036357

Henley faculty authors:

Professor Lucy Newton

British banks and their Aesop's fables: organizational memories of the governance and management of financial crisis

Reference: Barnes, V. and Newton, L. (2021) British banks and their Aesop's fables: organizational memories of the governance and management of financial crisis. In: Cassis, Y. and Schenk, C. R. (eds.) Remembering and Learning from Financial Crises. Oxford University Press, Oxford, pp. 184-206. ISBN 9780198870906

Henley faculty authors:

Professor Lucy Newton

Symbolism in bank marketing and architecture: the headquarters of National Provincial Bank of England

Reference: Barnes, V. and Newton, L. (2019) Symbolism in bank marketing and architecture: the headquarters of National Provincial Bank of England. Management and Organizational History, 14 (3). pp. 213-244. ISSN 1744-9359 doi: 10.1080/17449359.2019.1683038

Henley faculty authors:

Professor Lucy Newton

Formalising credit markets? The entrance of English joint-stock banks

Reference: Newton, L. and Barnes, V. (2018) Formalising credit markets? The entrance of English joint-stock banks. In: Coffman, D.'M., Lorandin, C. and Lorenzini, M. (eds.) Financing in Europe. The evolution, coexistence, and complementarity of credit typologies from the Middle ages to the 19th century. Palgrave Studies in the History of Finance. Palgrave Macmillan, Basingstoke.

Henley faculty authors:

Professor Lucy Newton

War memorials in organizational memory: a case study of the Bank of England

Reference: Newton, L. and Barnes, V. (2018) War memorials in organizational memory: a case study of the Bank of England. Management and Organizational History, 13 (4). pp. 309-333. ISSN 1744-9367 doi: 10.1080/17449359.2018.1534596

Henley faculty authors:

Professor Lucy Newton

Visualizing organizational identity: the history of a capitalist enterprise

Reference: Barnes, V. and Newton, L. (2018) Visualizing organizational identity: the history of a capitalist enterprise. Management & Organizational History, 13 (1). pp. 24-53. ISSN 1744-9367 doi: 10.1080/17449359.2018.1431552

Henley faculty authors:

Professor Lucy Newton

How far does the apple fall from the tree? The size of English bank branch networks in the nineteenth century

Reference: Newton, L. and Barnes, V. (2018) How far does the apple fall from the tree? The size of English bank branch networks in the nineteenth century. Business History, 60 (4). pp. 447-473. ISSN 1743-7938 doi: 10.1080/00076791.2017.1323883

Henley faculty authors:

Professor Lucy Newton

‘Made in England' : making and selling the piano, 1851-1914

Reference: Newton, L. (2017) ‘Made in England' : making and selling the piano, 1851-1914. In: Di Martino, P., Popp, A. and Scott, P. (eds.) People, places and business cultures : essays in honour of Francesca Carnevali. Boydell and Brewer, Woodbridge, Suffolk, pp. 127-152. ISBN 9781783272129

Henley faculty authors:

Professor Lucy Newton

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Constructing corporate identity before the corporation: fashioning the face of the first English joint stock banking companies through portraiture

Reference: Newton, L. and Barnes, V. (2017) Constructing corporate identity before the corporation: fashioning the face of the first English joint stock banking companies through portraiture. Enterprise and Society, 18 (3). pp. 678-720. ISSN 1467-2235 doi: 10.1017/eso.2016.90

Henley faculty authors:

Professor Lucy Newton

Virtuous bankers? Banking, reputation and regulation in nineteenth century England and Wales

Reference: Newton, L. (2016) Virtuous bankers? Banking, reputation and regulation in nineteenth century England and Wales. In: Akrivou, K. and Sison, A. J. G. (eds.) The Challenges of Capitalism for Virtue Ethics and the Common Good. Edward Elgar Publishing Ltd, Cheltenham. ISBN 9781784717902

Henley faculty authors:

Professor Lucy Newton

Virtuous banking: the role of the community in monitoring English joint-stock banks and their managements in the nineteenth century

Reference: Newton, L. A. and Barnes, V. (2016) Virtuous banking: the role of the community in monitoring English joint-stock banks and their managements in the nineteenth century. In: Akrivou, K. and Sison, J. G. (eds.) The Challenges of Capitalism for Virtue: Ethics and the Common Good. Interdisciplinary Perspectives. Edward Elgar, Cheltenham, UK, pp. 62-74. ISBN 9781784717902 doi: 10.4337/9781784717919.00011

Henley faculty authors:

Professor Lucy Newton

Pianos for the people: the manufacture, marketing and sale of pianos as consumer durables, 1850-1914

Reference: Carnevali, F. and Newton, L. (2013) Pianos for the people: the manufacture, marketing and sale of pianos as consumer durables, 1850-1914. Enterprise and Society, 14 (1). pp. 37-70. ISSN 1467-2235 doi: 10.1093/es/khs042

Henley faculty authors:

Professor Lucy Newton

Advertising, promotion, and the rise of a national building society movement in interwar Britain

Reference: Scott, P. and Newton, L. A. (2012) Advertising, promotion, and the rise of a national building society movement in interwar Britain. Business History, 54 (3). pp. 399-423. ISSN 1743-7938 doi: 10.1080/00076791.2011.638489

Henley faculty authors:

Professor Peter Scott - Professor Lucy Newton

The birth of joint-stock banking: a comparison of England and New England in the nineteenth century

Reference: Newton, L. A. (2010) The birth of joint-stock banking: a comparison of England and New England in the nineteenth century. Business History Review, 84 (1). pp. 27-52. ISSN 2044-768X

Henley faculty authors:

Professor Lucy Newton

Advertising, promotion, and the rise of a national building society movement in interwar Britain

Reference: Scott, P. and Newton, L. , (2009) Advertising, promotion, and the rise of a national building society movement in interwar Britain. Discussion Paper. Henley Business School pp39. (Unpublished)

Henley faculty authors:

Professor Peter Scott - Professor Lucy Newton

The decline and renewal of British multinational banking

Reference: Jones, G. and Newton, L. (2009) The decline and renewal of British multinational banking. In: Coopey, R. and Lyth, P. (eds.) Business in Britain in the twentieth century: decline and renaissance? Oxford University Press, Oxford, pp. 207-224. ISBN 9780199226009 doi: 10.1093/acprof:oso/9780199226009.003.0012

Henley faculty authors:

Professor Lucy Newton

British retail banking in the twentieth century: decline and renaissance in industrial lending

Reference: Newton, L. (2009) British retail banking in the twentieth century: decline and renaissance in industrial lending. In: Coopey, R. and Lyth, P. (eds.) Business in Britain in the twentieth century: decline and renaissance? Oxford University Press, Oxford, pp. 189-206. ISBN 9780199226009 doi: 10.1093/acprof:oso/9780199226009.003.0011

Henley faculty authors:

Professor Lucy Newton

Women and wealth: the nineteenth century in Great Britain

Reference: Newton, L. , Cottrell, P.L., Maltby, J. and Rutterford, J. (2008) Women and wealth: the nineteenth century in Great Britain. In: Laurence, A., Maltby, J. and Rutterford, J. (eds.) Woman and their money, 1700-1950. Routledge, London, pp. 86-94. ISBN 9780415419765

Henley faculty authors:

Professor Lucy Newton

Female investors in the first English and Welsh commercial joint-stock banks

Reference: Newton, L. and Cottrell, P.L. (2008) Female investors in the first English and Welsh commercial joint-stock banks. In: Laurence, A., Maltby, J. and Rutterford, J. (eds.) Women and their money, 1700-1950. Routledge, London, pp. 115-132. ISBN 9780415419765

Henley faculty authors:

Professor Lucy Newton

Capital networks in the Sheffield region, 1850-1885

Reference: Newton, L. (2008) Capital networks in the Sheffield region, 1850-1885. In: Casson, M. and Della Giusta, M. (eds.) The Economics of Networks. Edward Elgar, Cheltenham. ISBN 9781847203656

Henley faculty authors:

Professor Lucy Newton

Jealous monopolists? British banks and responses to the Macmillan gap during the 1930s

Reference: Scott, P. and Newton, L. (2007) Jealous monopolists? British banks and responses to the Macmillan gap during the 1930s. Enterprise & Society, 8 (4). pp. 881-919. ISSN 1467-2235 doi: 10.1093/es/khm104

Henley faculty authors:

Professor Peter Scott - Professor Lucy Newton

Change and continuity: the development of joint stock banking in the early nineteenth century

Reference: Newton, L. , (2007) Change and continuity: the development of joint stock banking in the early nineteenth century. Discussion Papers in Management. 040/2007. Discussion Paper. University of Reading, Reading.

Henley faculty authors:

Professor Lucy Newton

Female investors in the first english and Welsh commercial joint-stock banks

Reference: Newton, L. and Cottrell, P. (2006) Female investors in the first english and Welsh commercial joint-stock banks. Accounting, Business & Financial History, 16 (2). pp. 315-340. ISSN 0958-5206 doi: 10.1080/09585200600756316

Henley faculty authors:

Professor Lucy Newton

Capital networks in the Sheffield region, 1850-1885

Reference: Newton, L. (2003) Capital networks in the Sheffield region, 1850-1885. In: Wilson, J.F. and Popp, A. (eds.) Industrial clusters and regional business networks in England, 1750-1970. Ashgate, Aldershot, pp. 130-154. ISBN 9780754607618

Henley faculty authors:

Professor Lucy Newton

Government, the banks and indusrty in interwar Britian

Reference: Newton, L. (2003) Government, the banks and indusrty in interwar Britian. In: Gourvish, T. (ed.) Business and politics in Europe, 1900–1970: essays in honour of Alice Teichova. Cambridge University Press, Cambridge, pp. 145-170. ISBN 9780521823449

Henley faculty authors:

Professor Lucy Newton

Trust and virtue in banking: the assessment of borrowers by bank managements at the turn of the twentieth century

Reference: Newton, L. (2000) Trust and virtue in banking: the assessment of borrowers by bank managements at the turn of the twentieth century. Financial History Review, 7 (2). pp. 177-199. doi: 10.1017/S096856500000010X

Henley faculty authors:

Professor Lucy Newton

Regional bank-industry relations during the mid-nineteenth century: links between bankers and manufacturing in Sheffield

Reference: Newton, L. (1996) Regional bank-industry relations during the mid-nineteenth century: links between bankers and manufacturing in Sheffield. Business History, 38 (3). pp. 64-83. ISSN 1743-7938 doi: 10.1080/00076799600000095

Henley faculty authors:

Professor Lucy Newton

The introduction of the joint-stock company in English banking and monetary policy

Constructing Corporate Identity before the Corporation: Fashioning the Face of the First English Joint Stock Banking Companies

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Specialisms

Financial History
History of UK retail banks
History of corporate governance
History of consumer durable (pianos)

Location

114, Henley Business School, Whiteknights Campus

Professor Lucy Newton

Professor in Business History

Specialisms

Location

Publications Open

The historical development of corporate social responsibility: ideas, institutions, and practice

Henley faculty authors:

Ethics and corporate governance: insights from UK business history

Henley faculty authors:

The very hungry banker: honesty, trust and reputation in Fekete v. Citibank (2023)

Henley faculty authors:

Nigel Farage, Coutts and a clash of values?: The limits of inclusivity in personal banking

Henley faculty authors:

Women, uniforms and brand identity in Barclays bank

Henley faculty authors:

A “quiet victory”: National Provincial, Gibson Hall, and the switch from comprehensive redevelopment to urban preservation in 1960s London

Henley faculty authors:

Corporate identity, company law and currency: a survey of community images on English bank notes

Henley faculty authors:

The City of financing regions and industrial clusters in the nineteenth century

Henley faculty authors:

British banks and their Aesop's fables: organizational memories of the governance and management of financial crisis

Henley faculty authors:

Symbolism in bank marketing and architecture: the headquarters of National Provincial Bank of England

Henley faculty authors:

Formalising credit markets? The entrance of English joint-stock banks

Henley faculty authors:

War memorials in organizational memory: a case study of the Bank of England

Henley faculty authors:

Visualizing organizational identity: the history of a capitalist enterprise

Henley faculty authors:

How far does the apple fall from the tree? The size of English bank branch networks in the nineteenth century

Henley faculty authors:

‘Made in England' : making and selling the piano, 1851-1914

Henley faculty authors:

Constructing corporate identity before the corporation: fashioning the face of the first English joint stock banking companies through portraiture

Henley faculty authors:

Virtuous bankers? Banking, reputation and regulation in nineteenth century England and Wales

Henley faculty authors:

Virtuous banking: the role of the community in monitoring English joint-stock banks and their managements in the nineteenth century

Henley faculty authors:

Pianos for the people: the manufacture, marketing and sale of pianos as consumer durables, 1850-1914

Henley faculty authors:

Advertising, promotion, and the rise of a national building society movement in interwar Britain

Henley faculty authors:

The birth of joint-stock banking: a comparison of England and New England in the nineteenth century

Henley faculty authors:

Advertising, promotion, and the rise of a national building society movement in interwar Britain

Henley faculty authors:

The decline and renewal of British multinational banking

Henley faculty authors:

British retail banking in the twentieth century: decline and renaissance in industrial lending

Henley faculty authors:

Women and wealth: the nineteenth century in Great Britain

Henley faculty authors:

Female investors in the first English and Welsh commercial joint-stock banks

Henley faculty authors:

Capital networks in the Sheffield region, 1850-1885

Henley faculty authors:

Jealous monopolists? British banks and responses to the Macmillan gap during the 1930s

Henley faculty authors:

Change and continuity: the development of joint stock banking in the early nineteenth century

Henley faculty authors:

Female investors in the first english and Welsh commercial joint-stock banks

Henley faculty authors:

Capital networks in the Sheffield region, 1850-1885

Henley faculty authors:

Government, the banks and indusrty in interwar Britian

Henley faculty authors:

Trust and virtue in banking: the assessment of borrowers by bank managements at the turn of the twentieth century

Henley faculty authors:

Regional bank-industry relations during the mid-nineteenth century: links between bankers and manufacturing in Sheffield

Henley faculty authors:

The introduction of the joint-stock company in English banking and monetary policy

Constructing Corporate Identity before the Corporation: Fashioning the Face of the First English Joint Stock Banking Companies

The Apple Doesn’t Fall Far from the Tree: English Bank Regulation and Branching Strategies in the Nineteenth Century

Grants and research projects Open

The use of artefacts in studying bank history

The development of nineteenth century banking

Banks and the Finance Industry