转变 发表于 2025-3-21 17:44:11
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Georgios I. Doukidis,Ray J. Paulal communication, mutual criticism and intermarriages contributed to achieving banking dominance and fabulous wealth. Industrialisation, wars and revolutions almost brought down single Rothschild banks, but diversification and mutual support overcame all challenges. The Rothschilds were instrumental流浪 发表于 2025-3-22 06:19:34
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Georgios I. Doukidis,Ray J. Paulworld opened up to increasing foreign investment, more banks followed the first multinational bank, Citi, and these banks became multinational with all the complex challenges this brought. Some believed that soon a few global banks would dominate, as had happened in other industries. The 1990s saw eCytology 发表于 2025-3-22 14:03:49
J. C. Thorpe,A. Marr,R. S. Slackion of commercial deposit-taking and investment banks, with much larger combined balance sheets, enabled significantly increased trading for the banks’ own account. The mergers were often paid with shares, and many banks not already listed on stock exchanges did so in the 1980s and 1990s. Large bank顶点 发表于 2025-3-22 19:41:26
Yiran Tan,Stephen Bacchi,Weng Onn Chan for management. When banks were mainly partnerships, one incentive for the partners was to keep the bank from failing. Once banks listed on stock exchanges, incentives became shorter term. They were about a high share price of the bank rather than its survival. Annual bonuses became path dependentadmission 发表于 2025-3-22 23:09:40
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https://doi.org/10.1007/978-3-030-97269-1ncial crisis. Lehman Brothers’ uncontrolled growth was financed by remarkably increased leverage. Its risk management had been trumpeted as a strength, but complexity was beyond management. Incentives were vast and awarded for achieving growth. When the government refused to support Lehman Brother a