Titlebook: JPMorgan’s Fall and Revival; How the Wave of Cons Nicholas P. Sargen Book 2020 The Editor(s) (if applicable) and The Author(s), under exclu

Cirrhosis

Time to Say Goodbyell over exiting obligations of indebted countries and assign pro-rata shares for new money. When I left Morgan to join Salomon Brothers at the start of 1984, Morgan had weathered the storm better than its rivals partly because it was better capitalized.

heartburn

Origins of Morgan’s Transformationression: The number of US banks consolidated steadily as smaller banks and thrifts had difficulty navigating swings in interest rates, and restrictions on interstate banking were alleviated. One event that helped to convince Morgan’s management to continue its quest was the collapse of Continental Bank in 1984.

callous

Buy or Build?d acquisitions that were good strategic fits provided the price was right. One challenge was whether Morgan could marry two prototypes—commercial bankers and investment bankers—without a culture clash. Another was Morgan’s compensation was considerably below investment banks.

施舍

Taking Stock: Plans for the Early 1990sm to finance the buildout into securities and investment banking. Morgan’s management, however, passed on opportunities to acquire State Street Bank and Northern Trust, which could have expanded its capabilities into mutual funds, the defined contribution space and wealth management.

情感

EVEN

A Chance Encountero managers when the US dollar weakened against key currencies even though the Fed raised interest rates markedly. Following a chance encounter in London with John Olds, who was about to become head of Morgan’s Private Bank, I accepted the opportunity to become global markets strategist for the Private Bank.

柔声地说

JPMorgan merged with Chase.Tells the story of JPMorgan again.This book tells the untold story of how JPMorgan became a universal bank in the 1980s-1990s and the events leading to it being acquired by Chase in 2000. It depicts the challenges Morgan’s leaders – Lew Preston and Dennis Weatherstone – co

Femish

地牢

A Private Club“First class business in a first class way.” This chapter discusses the role the International Economics Department headed by Rimmer de Vries played in keeping Morgan’s executives and government officials abreast of global developments. At the end of 1978, the bank announced that Lew Preston would become its next leader.

Infirm

Book 2020000. It depicts the challenges Morgan’s leaders – Lew Preston and Dennis Weatherstone – confronted when the firm’s business model was disrupted by the developing country debt crisis and premier corporate borrowers increasingly accessing capital markets, up to its current management with Jamie Dimon.