The 1980s were grim years in American banking. Massive loan losses, disintermediation, global competition, and management mistakes caused many failures, forced restructuring, and did enormous damage to the power and prestige of the country's largest banks, which fell far behind their international rivals in world rankings. Yet, today, American banking institutions are back on top, leading the world in transaction volume, innovation, and in the ...

Writing in the lively, nonacademic style that has made his previous books so popular, Smith shows how the bases of banking competitiveness are changing, from the size of assets and profitable systems protected by regulation to market know-how, innovation, and technology. Roy Smith is the author of The Global Bankers and The Money Wars. ...

In this book, Jacques J. Polak describes and analyzes the relationship between the World Bank and the International Monetary Fund since the Bretton Woods conference in 1944. He explains that in their first three decades, the two institutions engaged in clearly distinct activities: the Bank made long-term loans to finance infrastructural projects in developing countries while the Fund gave economic advice and short-term stabilization loans to ...

Monitoring European Integration was established in 1990 as an annual series of reports on the progress of economic integration in Europe. The objective of the reports is to raise the level of public discussion on European policy issues. Monitoring European Integration combines intellectual rigor with attention to key policy issues and is the only analysis of European integration that is specifically aimed at both European and non-European ...

The findings revealed that megebank acquirers realized negative abnormal returns and that megabank acquirees did not realize economic value significantly greater than acquirers for those banks that integrated on a merger-of-equals basis. The findings also showed that megabanks seemed more willing to pay higher premiums for the right to integrate with other megabanks vis-a-vis the right to integrate with small banks. ...

With so many advantages over all competitors, it is quite natural that the Bank of England should have far outstripped them all. Inevitably it became the bank in London; all the other bankers grouped themselves round it, and lodged their reserve with it. Thus our one reserve system of banking was not deliberately founded upon definite reasons; it was the gradual consequence of many singular events, and of an accumulation of legal privileges on a ...

Turn to this Insider Guide to learn about the latest developments at top financial services firms, from A.G. Edwards and American Express to UBS and Wells Fargo; recent milestones from awards and honors to acquisitions and personnel changes; what company insiders say it's really like to work there; who's hiring and tips for landing a job there. ...

Although cost-cutting is the driving force behind the move to a virtually all-electronic federal payment system, Michael Stegman believes the initiative has a far broader potential: to bring poor Americans into the banking mainstream.
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The Pink Book provides detailed estimates of the UK balance of payments for the last 11 years. The current account (trade in goods and services, income and current transfers), capital account, financial account and the international investment position are all covered. The book also includes a chapter on the geographical breakdown of the current account, with explanatory text and definitions. ...

Charlotte-based NationsBank, formerly named NCNB, became one of the nation's leading financial powers following its acquisition in 1988 of First Republic Bank of Texas and its merger in 1991 with Atlanta-based C&S/Sovran. The authors provide a corporate history of this maverick financial institution. ...