Author: Jeremy F. Taylor
Publisher:
ISBN: OCLC:1151089690
Category: Banks and banking
Page: 217
View: 113
9 ووو THE PROCESS OF CHANGE IN AMERICAN BANKING This book has been different from the standard banking fare . In focusing on change processes in banking , it has sought to determine the causes of the current state of changes taking ...
Author: Jeremy F. Taylor
Publisher: Praeger
ISBN: UCAL:B4420801
Category: Business & Economics
Page: 248
View: 383
Taylor focuses on the recent changes in the U.S. banking system, analyzing the underlying reasons for these changes and proposing solutions to problems plaguing the industry. The author examines the current banking crisis against the background of historical changes in U.S. banking, demonstrating that banking change in this country is most often crisis driven--due primarily to the failure of the legislature and the government to solve major problems before they become major crises. The considerable influence of politics on the U.S. banking system is also explored in depth.As that began to change, banks that had stayed protected in their respective local markets since they'd opened suddenly found ... the weaker banks were going out of business, and stronger and bigger banks were emerging from the process.
Author: Ranajoy Ray Chaudhuri
Publisher: Springer
ISBN: 9781137361219
Category: Business & Economics
Page: 279
View: 427
With almost 6,300 commercial banks, significantly more than in any other country, the world of US banking is unique, fascinating, and always in flux. Two principal pieces of legislation have shaped the banking structure in this country: The McFadden Act of 1927, which prohibited banks from branching into other states, and The Glass-Steagall Act of 1933, which separated commercial and investment banking activities. The repeal of the Glass-Steagall Act in 1999 was one of the main contributing factors behind the global financial crisis of 2008. This measure resulted in the passage of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, which once again prohibited commercial banks from making certain types of speculative investments. The Changing Face of American Banking analyzes the impact of both these acts - as well as that of their subsequent repeal - in depth, examining the real effects of government regulations on the US commercial banking sector. Ray Chaudhuri pinpoints the evolving nature of US commercial banks and banking regulations and explores their impact on the economy. Instead of just focusing on banks and regulations, this work considers the correlations and causality between banking performance and economic growth and productivity. It also brings the banking literature up to date with the 2008-2009 financial crisis and its aftermath, including the passage of the Dodd-Frank Act of 2010 and its effect on American banking.503 Chapter 2, notes 391, 394–97 and accompanying text; Chapter 3, note 426 and related 499 502 discussion. JEREMY F. TAYLOR, THE PROCESS OF CHANGE IN AMERICAN BANKING: POLITICAL ECONOMY AND THE PUBLIC PURPOSE 13 (1990).
Author: Brian Cheffins
Publisher: Oxford University Press
ISBN: 9780190640347
Category: Law
Page: 400
View: 845
For decades, the public company has played a dominant role in the American economy. Since the middle of the 20th century, the nature of the public company has changed considerably. The transformation has been a fascinating one, marked by scandals, political controversy, wide swings in investor and public sentiment, mismanagement, entrepreneurial verve, noisy corporate "raiders" and various other larger-than-life personalities. Nevertheless, amidst a voluminous literature on corporations, a systematic historical analysis of the changes that have occurred is lacking. The Public Company Transformed correspondingly analyzes how the public company has been recast from the mid-20th century through to the present day, with particular emphasis on senior corporate executives and the constraints affecting the choices available to them. The chronological point of departure is the managerial capitalism era, which prevailed in large American corporations following World War II. The book explores managerial capitalism's rise, its 1950s and 1960s heyday, and its fall in the 1970s and 1980s. It describes the American public companies and executives that enjoyed prosperity during the 1990s, and the reversal of fortunes in the 2000s precipitated by corporate scandals and the financial crisis of 2008. The book also considers the regulation of public companies in detail, and discusses developments in shareholder activism, company boards, chief executives, and concerns about oligopoly. The volume concludes by offering conjectures on the future of the public corporation, and suggests that predictions of the demise of the public company have been exaggerated.The papers presented and the exchanges of views have taught us much. ... Six years ago, our country embarked upon a momentous change in its history with the signature of the peace accords, which have been carried out thanks to the will ...
Author:
Publisher:
ISBN: STANFORD:36105121686609
Category: Caribbean Area
Page:
View: 956
Then attention turns to the process of strategic refocusing and institutional change that clearing banks had to go through in order to develop their Eurobusiness and defend their corporate base , while at the same time circumventing ...
Author: Professor of Economic History Youssef Cassis
Publisher: Oxford University Press on Demand
ISBN: 0199250278
Category: Business & Economics
Page: 228
View: 791
This book focuses on the international banking revolution of the 1960s and provides a fresh historical perspective on the foundations of the subsequent financial globalization. The contributors address four main issues: the revival of London as a world financial centre; the emergence of Euro-banking as a new frontier of growth for credit institutions; the competitive challenge brought home by American banks to their European counterparts; and the strategic responseby British and Continental banks.Although one can hardly speak of a real process of consolidation when one looks at events in other industrialized nations, the American banking industry has undergone a traumatic process of structural change. Table 3.2 demonstrates how ...
Author: Andreas Busch
Publisher: OUP Oxford
ISBN: 9780191029868
Category: Political Science
Page: 304
View: 996
Does globalization erode the nation state's capacity to act? Are nation states forced to change their policies even if this goes against the democratic will of their electorates? How does government action change under conditions of globalization? Questions like these have not only featured highly in political debates in recent years, but also in academic discourse. This book seeks to contribute to that debate. The general question it addresses is whether globalization leads to policy convergence — a central, but contested topic in the debate, as theoretical arguments can be advanced both in favour of and against the likelihood of such a development. More specifically, the book contains detailed empirical case studies of four countries (the United States, the United Kingdom, Germany, and Switzerland) in a policy area where state action has been particularly challenged by the emergence of world-wide, around-the-clock financial markets in the last few decades, namely that of the regulation and supervision of the banking industry. Based on careful analysis of historical developments, specific challenges, the character of policy networks and institutions, and their interaction in the political process, this book argues that nation states still possess considerable room for manouevre in pursuing their policies. Even if they choose supranational coordination and cooperation, their national institutional configurations still function as filters in the globalization process. This book is of particular value to readers interested in the politics and policies of globalization, the interaction of business communities and the political system in different countries, and students of comparative politics interested in detailed case studies of policy-making.American Bankers Association ... the costs of ation , these established officers already having a loan processor and underwriter have a successful way of originating Process changes required work the loan . loans , and " requiring them ...
Author: American Bankers Association
Publisher:
ISBN: MINN:31951P00563732O
Category: Banks and banking
Page:
View: 782
important role in the American banking system , even if the proportion they bear to individual demand deposits has fallen from 30 per cent in 1914 to about 20 per cent in recent years ; taking into account member bank reserve balances ...
Author: Raymond William Goldsmith
Publisher:
ISBN: UOM:39015011336230
Category: Banks and banking
Page: 318
View: 847
the establishment of an American bank here would greatly assist in working a change in this respect , and especially if it were accompanied by a direct line of steamships trading with the United States . Such an institution might not at ...
Author: United States. Commission to Central and South American States, 1884-1885
Publisher:
ISBN: HARVARD:32044015714637
Category: Latin America
Page: 491
View: 754