Download or read book The Death of Corporate Reputation written by Jonathan Macey and published by FT Press. This book was released on 2013-03-20 with total page 283 pages. Available in PDF, EPUB and Kindle. Book excerpt: Why did the financial scandals really happen? Why are they continuing to happen? In The Death of Corporate Reputation, Yale's Jonathan Macey reveals the real, non-intuitive reason, and offers a new path forward. For over a century law firms, investment banks, accounting firms, credit rating agencies and companies seeking regular access to U.S. capital markets made large investments in their reputations. They treated customers well and sometimes endured losses in transactions or business deals in order to sustain and nurture their reputations as faithful brokers and “gate-keepers.” This has changed completely . The existing business model among leading participants in today’s capital markets no longer treats customers as valued clients whose trust must be earned and nurtured, but as one-off “counter-parties” to whom no duties are owed and no loyalty is required . The rough and tumble norms of the market-place have replaced the long-standing reputational model in U.S. finance. This book describes the transformation in American finance from the old reputational model to the existing laissez faire model and argues that the change came as a result of three factors: (1) the growth of reliance on regulation rather than reputation as the primary mechanism for protecting customers and (2) the increasing complexity of regulation, which made technical expertise rather than reputation the primary criterion on which customers choose who to do business with in today’s markets; and (3) the rise of the “cult of personality” on Wall Street, which has led to a secular demise in the relevance of companies’ reputations and the concomitant rise of individual “rain-makers” reputation as the basis for premium pricing of financial services. This compelling book will drive the debate about the financial crisis and financial regulation for years to come -- both inside and outside the industry.

Download or read book A Financial History of the United States From Christopher Columbus to the Robber Barons 1492 1900 written by Jerry W. Markham and published by M.E. Sharpe. This book was released on 2002 with total page 436 pages. Available in PDF, EPUB and Kindle. Book excerpt: The first comprehensive financial history of the United States in more than thirty years. Accessible to undergraduate level readers, it focuses on the growth and expansion of banking, securities, and insurance from the colonial period right up to the incredible growth of the stock market during the 1990s and the attack on the World Trade Center in 2001. The author traces the origins of American finance to the older societies of Europe and Northern Africa, and shows how English merchants transferred their financial systems to America. He explains how financial matters dominated the founding and development of the colonies, and how financial concerns incited the Revolution. And he shows how the Civil War began the transformation of America from a small economy largely dependent on foreign capital into a complex capitalist society. From the Civil War, the nation's financial history breaks down into periods of frenzied speculation, quiet growth, periodic panics, and furious periods of expansion, right up through the incredible growth of the stock market during the 1990s.

Download or read book Annual Report of the Commissioner of Banking Being the Annual Report of the Banking Department of the Commonwealth of Pennsylvania for the Year written by Pennsylvania. Banking Department and published by . This book was released on 1904 with total page 874 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book From J P Morgan to the Institutional Investor written by Jerry W. Markham and published by Taylor & Francis. This book was released on 2022-06-06 with total page 488 pages. Available in PDF, EPUB and Kindle. Book excerpt: Originally published in 2002, this is the second of three volumes in a history of finance in America. This volume starts with the investment bankers who dominated finance at the beginning of the twentieth century. It then describes the Panic of 1907 and the resulting creation of the Federal Reserve Board (the 'Fed'). The volume then traces finance through World War I, and it examines the events that led to the stock market crash of 1929 and the Great Depression. From there it reviews the rebirth of finance after World War II and the growth of the institutional investor.

Download or read book Report of the Superintendent of the Bank Dept Relative to Savings Banks written by New York (State). Banking Dept and published by . This book was released on 1900 with total page 656 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Annual Report of the Commissioner of Insurance and Banking for the Year Pertaining to Insurance written by Texas. Department of Insurance and Banking and published by . This book was released on 1910 with total page 1208 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Annual Report of the Superintendent of Banks Relative to Savings Banks Investment Companies Safe Deposit Companies and Licensed Lenders written by New York (State). Banking Department and published by . This book was released on 1900 with total page 658 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The Southern Banker written by and published by . This book was released on 1949 with total page 638 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The Bankers Encyclopedia written by and published by . This book was released on 1912 with total page 2364 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book United States Civil Aircraft Register written by and published by . This book was released on 1978 with total page 1538 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The Economist written by and published by . This book was released on 1920 with total page 1614 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Legislative Document written by New York (State). Legislature and published by . This book was released on 1923 with total page 756 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Savings Bank Journal written by and published by . This book was released on 1924 with total page 962 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Kimber s Record of Insurance Company Security Purchases During the Year written by and published by . This book was released on 1920 with total page 590 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Risk Takers written by John Marthinsen and published by Walter de Gruyter GmbH & Co KG. This book was released on 2018-05-07 with total page 409 pages. Available in PDF, EPUB and Kindle. Book excerpt: Risk Takers: Uses and Abuses of Financial Derivatives goes to the heart of the arcane and largely misunderstood world of derivative finance and makes it accessible to everyone—even novice readers. Marthinsen takes us behind the scenes, into the back alleyways of corporate finance and derivative trading, to provide a bird’s-eye view of the most shocking financial disasters of the past quarter century. The book draws on real-life stories to explain how financial derivatives can be used to create or to destroy value. In an approachable, non-technical manner, Marthinsen brings these financial derivatives situations to life, fully exploring the context of each event, evaluating their outcomes, and bridging the gap between theory and practice.

Download or read book Journal of the American Bankers Association written by American Bankers Association and published by . This book was released on 1919 with total page 944 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The Statist written by and published by . This book was released on 1917 with total page 1528 pages. Available in PDF, EPUB and Kindle. Book excerpt: