The Rise and Fall of the Merchant Banks

Front Cover
K. Page, 1999 - Business & Economics - 572 pages
The series provides up-to-date information on the international capital markets from the best financial institutions in the world. The high-level professional titles explain, analyse and examine the latest instruments and markets and the fast-evolving regulatory framework.

How did Britain's former Titans of banking, respected the world over, lose their grip? This expert analysis of the current state of investment banking also provides all the historical perspective to explain the demise of UK merchant banking and the fading glory of the British financial institution.

With the recent wave of mergers and acquisitions throwing the global financial industry into turmoil and turning the former plants of finance into mere nameplates on the doors of large foreign institutions. Erik Banks discusses the impact of globalization on the historical banking bodies and explains why the securities sector was found wanting and the domestic industry transformed into a huge financial supermarket.

From inside the book

 

Contents

From Merchants to Bankers 1800 to 1839
34
The Merchant Bankers Emerge 1840 to 1874
127
The Glory Years 1875 to 1913
149
Copyright

7 other sections not shown

Common terms and phrases

19th century acceptance acquisition active American asset management Bank of England bank's bankers Baring Baring's became began bills bonds Britain British merchant banks brokers capital markets City clearing banks clients commenced commercial commodity companies competitive corporate finance country's created crisis currency deal debt decade declined developed discount houses domestic early economic emerged equity established Eurobond expanded exports featured financial institutions financial markets firm floated foreign exchange funds gilt gold Government greater Hambro Hill Samuel increased increasingly industrial investment banking investment management investors issuance issuers issues J.P. Morgan jobbers joint stock banks Kleinwort Benson late launched Lazard loans London ment merchant houses merger million Morgan Grenfell N.M. Rothschild operations participate partners partnership period portfolio post-war primarily profits purchase railway rates remained revenues risk S.G. Warburg Schroder securities share sterling subsidiary syndicate syndicated loans tion trading transactions World World War II York

References to this book

About the author (1999)

ERIK BANKS has held senior risk management positions at several global financial institutions, including XL Capital, where he was Partner and Chief Risk Officer of the Bermuda reinsurer's derivative subsidiary, and Merrill Lynch, where he spent 13 years managing credit and market risk teams in Tokyo, Hong Kong, London and New York. Mr. Banks, an Adjunct Professor of Finance at the University of Connecticut, has written a dozen books on risk management, emerging markets, derivatives, merchant banking, and electronic finance.RICHARD DUNN became the youngest member of Merill Lynch's Executive Committee in 1998. Concurrent with this appointment, he was made Head of Market and Credit Risk and was instrumental in the Wall Street ""bail out"" of hedge fund LTCM. Prior to this, Mr. Dunn was Co-Head of Merrill's Equity Division, Head of European Debt, and Head of Asian Debt and Equity. His training was in debt and equity derivatives. Mr. Dunn holds a Masters in Economics from the London School of Economics, speaks Japanese, French and Italian, and is an avid snowboarder.

Bibliographic information

TitleThe Rise and Fall of the Merchant Banks
Capital market series
AuthorErik Banks
PublisherK. Page, 1999
ISBN074942821X, 9780749428211
Length572 pages
Subjects ›  ›  › 

Business & Economics / Banks & Banking
History / Europe / Great Britain / General
  
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