The rise and fall of the merchant bank

書誌事項

The rise and fall of the merchant bank

Erik Banks

Kogan Page, 1999

大学図書館所蔵 件 / 17

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注記

Published in association with Reuters

Bibliography: p. 542-551

Includes index

内容説明・目次

内容説明

An analysis of the demise of merchant banking, this text considers the impact of globalization on the historical banking institutions; the pace of innovation and why the securities sector was found wanting; the transformation of domestic industry into financial supermarkets; and why the UK clearing banks failed in their attempts to become international players.

目次

  • Part 1 Past to pinnacle 1700-1914: merchants become bankers
  • perfecting and innovating
  • British houses perfect banking techniques and become critical intermediaries in financing international trade/industry
  • managing risk. Part 2 1914 - present: focus of international finance from London to New York - from sterling to the dollar, growing deregulation, further innovation, eurodeposits, the eurobond market, MBOs and LBOs
  • the first significant wave of consolidations and acquisitions as a result of plans for Big Bang
  • client and shareholder pressure
  • foreign focus on earnings per share/ROE
  • second wave of M&A stripping UK merchant banks of the independence
  • absorption into huge foreign financial conglomerates
  • the end of two centuries of banking supremacy.

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