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      • Trusted Partner
        Humanities & Social Sciences
        July 2017

        Salvage ethnography in the financial sector

        The path to economic crisis in Scotland

        by Jonathan Hearn, Alexander Smith

        This book is based on ethnographic research from 2001-2, during Bank of Scotland's first year of merger with Halifax to form HBOS. The research is revisited from the present perspective in the wake of the global banking and financial crisis that undermined HBOS in 2008. This historical perspective on the ethnographic data is used to explore: people's responses to the pressures of heightened competition and organisational change; mutual and sometimes antagonistic perceptions of Scottish and English identities across the two merged banks; conflicting evaluations of national and organisational cultures; and the challenges of integrating ethnographic and historical perspectives in a single study. As an historical ethnography it 'salvages' a disappearing culture of Scottish and UK banking, disintegrated by neoliberal processes.

      • Trusted Partner
        Humanities & Social Sciences
        July 2017

        Salvage ethnography in the financial sector

        The path to economic crisis in Scotland

        by Jonathan Hearn, Alexander Smith

        This book is based on ethnographic research from 2001-2, during Bank of Scotland's first year of merger with Halifax to form HBOS. The research is revisited from the present perspective in the wake of the global banking and financial crisis that undermined HBOS in 2008. This historical perspective on the ethnographic data is used to explore: people's responses to the pressures of heightened competition and organisational change; mutual and sometimes antagonistic perceptions of Scottish and English identities across the two merged banks; conflicting evaluations of national and organisational cultures; and the challenges of integrating ethnographic and historical perspectives in a single study. As an historical ethnography it 'salvages' a disappearing culture of Scottish and UK banking, disintegrated by neoliberal processes.

      • Trusted Partner
        Business, Economics & Law
        September 2016

        Lehman Brothers

        A crisis of value

        by Oonagh McDonald

      • Trusted Partner
        Humanities & Social Sciences
        July 2017

        Salvage ethnography in the financial sector

        The path to economic crisis in Scotland

        by Jonathan Hearn, Alexander Smith

        This book is based on ethnographic research from 2001-2, during Bank of Scotland's first year of merger with Halifax to form HBOS. The research is revisited from the present perspective in the wake of the global banking and financial crisis that undermined HBOS in 2008. This historical perspective on the ethnographic data is used to explore: people's responses to the pressures of heightened competition and organisational change; mutual and sometimes antagonistic perceptions of Scottish and English identities across the two merged banks; conflicting evaluations of national and organisational cultures; and the challenges of integrating ethnographic and historical perspectives in a single study. As an historical ethnography it 'salvages' a disappearing culture of Scottish and UK banking, disintegrated by neoliberal processes.

      • Trusted Partner
        Banking
        November 2015

        Lehman Brothers

        A crisis of value

        by Oonagh McDonald

        Using extensive documentary evidence and interviews with former Lehman employees, Oonagh McDonald reveals the decisions that led to Lehman's collapse, investigates why the government refused a bail-out and whether the implications of this refusal were fully understood. In clear and accessible language she demonstrates both the short and long term effects of Lehman's collapse.

      • Trusted Partner
        Business, Economics & Law
        March 2019

        Holding bankers to account

        A decade of market manipulation, regulatory failures and regulatory reforms

        by Oonagh McDonald

        This book provides a compelling account of the rigging of benchmarks during and after the financial crisis of 2007-08. Written in clear language accessible to the non-specialist, it provides the historical context necessary for understanding the benchmarks - Libor, Forex and the Gold and Silver Fixes - and shows how and why they have to be reformed in the face of rapid technological changes in markets. Though banks have been fined and a few traders have been jailed, justice will not be done until senior bankers are made responsible for their actions. Provocative and rigorously argued, this book makes concrete recommendations for improving the security of the financial services industry and holding bankers to account.

      • Trusted Partner
        Business, Economics & Law
        March 2019

        Holding bankers to account

        A decade of market manipulation, regulatory failures and regulatory reforms

        by Oonagh McDonald

        This book provides a compelling account of the rigging of benchmarks during and after the financial crisis of 2007-08. Written in clear language accessible to the non-specialist, it provides the historical context necessary for understanding the benchmarks - Libor, Forex and the Gold and Silver Fixes - and shows how and why they have to be reformed in the face of rapid technological changes in markets. Though banks have been fined and a few traders have been jailed, justice will not be done until senior bankers are made responsible for their actions. Provocative and rigorously argued, this book makes concrete recommendations for improving the security of the financial services industry and holding bankers to account.

      • Trusted Partner
        Business, Economics & Law
        March 2019

        Holding bankers to account

        A decade of market manipulation, regulatory failures and regulatory reforms

        by Oonagh McDonald

        This book provides a compelling account of the rigging of benchmarks during and after the financial crisis of 2007-08. Written in clear language accessible to the non-specialist, it provides the historical context necessary for understanding the benchmarks - Libor, Forex and the Gold and Silver Fixes - and shows how and why they have to be reformed in the face of rapid technological changes in markets. Though banks have been fined and a few traders have been jailed, justice will not be done until senior bankers are made responsible for their actions. Provocative and rigorously argued, this book makes concrete recommendations for improving the security of the financial services industry and holding bankers to account.

      • Trusted Partner
        Humanities & Social Sciences
        February 2024

        ‘Survival Capitalism’ and the Big Bang

        Culture, contingency and capital in the making of the 1980s financial revolution

        by Emma Barrett

        This book about the Thatcher government and the City of London tells the compelling human story of the people and processes that made Britain's 1980s financial revolution. Fusing insider testimony with new archival discoveries, it examines high stakes and networked solutions, and uncovers new objectives that drove reforms. In so doing it demystifies a major shift in capitalism. This has implications for our understandings of government and capitalism, from the way we think about the origins of subsequent financial crises to today's growing inequalities. Survival Capitalism offers new insights into the last major restructuring of the City, disrupts myths surrounding the logics of the market, and pays attention to people and processes at a time when the City of London again faces major change as Britain seeks to find its place outside the European Union in the wake of Brexit.

      • Banking

        Restoring Confidence in the Financial System

        See-through Leverage: A Powerful New Tool for Revealing and Managing Risk

        by Sean Tully

        'Restoring Confidence In The Financial System' is a ground-breaking book in which a top mathematician, who is also one of the City of London's most experienced traders, and an experienced City banker explore how confidence in the global financial system was destroyed by the current banking crisis. Drawing on his firsthand experience of steering the trading floor at a major European bank, Sean Tully, together with Richard Bassett, analyses the steps that led up to the crisis and pinpoint precisely one of the main causes of the lending bubble with whose consequences we are all now living.The authors explain the intricacies of the regulatory framework of Basel I and Basel II, the two landmark events in banking regulation which inadvertently laid the foundation for the current crisis. The authors then show how a radical and new but easily understood measure of risk, revealed here for the first time, can prevent another such bubble from ever happening again. This new measure, called see-through leverage or STL, can be used to restore faith in the financial system by allowing a rapid means of differentiating between potentially toxic and healthy 'AAA'-rated securities. Armed with STL, investors, rating agencies and regulators alike can cut through the complexity of economic modeling to the nub of the problem: leverage.'Restoring Confidence In The Financial System' is a vital book for the international business community. In a globally interconnected world, no one can claim to be untouched by the crisis. How could bankers have got their sums so wrong? How could regulators and politicians have failed to see the storm coming? Above all, how can confidence be restored to get the wheels of the global finance machine working again? This book has the solution.

      • Personal finance

        The Ultra High Net Worth Banker's Handbook

        by Stephan Meier

        Estimates show that there are around 20,000 Ultra High Net Worth individuals in existence today, each with bankable assets in excess of $50 million. Between them they possess a wealth of $5,000 billion, 10‰ of the world's estimated total wealth. The UHNW wealth management business is therefore a critically important as well as complex part of modern finance. It exists within a "client-banker-bank" triangle and is influenced by serious exogenous factors in political, economic and fiscal environments, as well as by numerous emotional, familial and personal dimensions. In this book the authors address these complex relationships, serving as guides and advisors for UHNW bankers, banks and clients alike.The authors' clients have taught them that the three major frustrations for private banking clients are bad performance, bad communication with the banker, and confusion in the face of poorly explained financial processes. In the first part of the book the authors offer their expert solutions to these problems and, in the second, help to eliminate confusion by explaining UHNW financial processes as clearly and simply as possible.The authors mix authoritative advice, gained from long careers in wealth management, with anecdotes and narrative, to make the book approachable as well as informative. The book also contains five major case studies that help to exemplify certain elements involved in UHNW banking across the world, including the importance and impact of: family values and governance; client confidence and connections; cultural and religious considerations; philanthropy; market crises and volatility; portfolio diversity and enterprise management.This book is for private bankers who work or aim to work in the Ultra High Net Worth field, the most sought-after and secluded high-end client segment of private banking and wealth management. For UHNW clients, this book is a guide on how to deal with your bankers and what you can expect from them, depicting the view from the other side of the table. And for the management of a private bank or private banking division of a financial institution, this book will serve as an essential introduction on how to improve performance.Expert, in-depth and accessible, The Ultra High Net Worth Banker's Handbook is the ultimate guide to this area of modern finance.

      • Banking & finance: study & revision guides
        June 2015

        Looking Back at the Israeli Banking System, 1965 – 2012

        A collection of articles and papers on developments and policy issues, relating to the Israeli banking system

        by Prof. Meir Heth

        This book, published recently by Rubin Mass Ltd, is a collection of articles and papers on developments and policy issues, relating to the Israeli banking system, written over a period of more than four decades by Professor Meir Heth. Heth held key positions in the Israeli capital markets. He was Superintendent of Banks with the Bank of Israel, chairman of the board of the Tel Aviv Stock Exchange, of Bank Leumi and of other major Israeli corporations. Israel was born in 1948, and its banking system was quite primitive in the early years. Heth, who started in the research department of the Bank of Israel in 1962, wrote several articles that are essential to the understanding of the factors that shaped the structure and business of Israeli Banking for decades to come. Among these are the methods of the Bank of Israel's monetary policy, widespread linkage of financial assets, the legal ceiling of the rate of interest and the deep intervention of the government in the working of the financial markets. Along the years the system has undergone several crises. Heth was actively involved in some of them and he devoted several papers to the issues involved. He criticized sharply for years the policy pursued by the banks of regulating their shares' prices. Following the crisis that led to a de facto nationalization of the four major banks Heth dealt in several articles with the process of reprivatizing the banks. Over the years, many banking institutions disappeared, some were declared insolvent but many more were acquired by the big banks, a process that shaped the concentrated structure of the system. Heth devoted several articles to the bankruptcy of the Israel British Bank, an event that occurred during his tenure as superintendent and had political and international repercussions. The liquidation of the bank and its British subsidiary lasted over 30 years Several articles and papers were dedicated to important policy issues: The conflict of interests involved in the banks' securities business and ways to tackle the problem, the establishment of a formal system of deposit insurance and the need of overhauling the Law of Banking in order to establish a coherent system of bank regulation. This book will be of interest to followers of the Israeli economy and to scholars following the development of banking in emerging markets.

      • Fiction
        July 2013

        The Poisoned Banquet

        by ANTHONY JAMES

        A romantic thriller; A tales of an abused celebrity wife. A contemporary novel set in UK and USA. The novel is a study of morbid jealousy and follows the lives of the heroine Rachel a beorgening international pianist and her husbad the charming but morbidly jealous and corrupt banker Michael Johnson. The story opens with the death of Michael's baby sister - accident or infanticide? Michael determines to becaome the apple of his parents' eye and he grows up as an athletic, bright and charming but ruthlessyoung man. He falls for Rachel, wooes her but rather in the mold of Jeckyll and Hyde he becaomes morbidly jealous of rachel and her musical career. Rachel's unshakeable devotion tolerates the ever worsening excesses of Michael's obsessive jealousy into tawdry drug and sexual abuse. Rachel meets a geeky but brilliant young musician and is infatuated by his musical talent - her world is turned upside down. Is her love of music or her love of Michael the greater? What of both are taken away?

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