Absent Management in Banking (eBook)

How Banks Fail and Cause Financial Crisis

Christian Dinesen (Autor)

eBook Download: PDF

2020 | 1st ed. 2020
VIII, 305 Seiten
Springer International Publishing (Verlag)
978-3-030-35824-2 (ISBN)

Infos

Offering a historical analysis of management in banking from the Medici to present day, this book explores how banks can cause devastating financial crisis when they fail. Rather than labelling management as 'good' or 'bad', the author focuses on the concept of absent management, which can occur as a result of complexity. The complexity of banking, which intensified alongside the phenomenal growth of banks in the 20^th and 21^st centuries, resulted in banks that are mismanaged or, at times, even unmanaged. Drawing on business school case studies including Barings and Lehman Brothers, this book showcases how absent management in banking has caused crises, depressions and recessions, and how ultimately it will continue to do so.

Christian Dinesen worked for a global investment bank during the 2008 financial crisis. In addition to his 35 years of experience in financial markets and management consultancy, he studied Economic History at the London School of Economics and Political Science, UK.  

Inhalt

Acknowledgements 5
Contents 6
Chapter 1: Introduction: Not Managed at All—How the Idea for This Book Occurred and What It Is About 8
References 20
Chapter 2: The Medici and Renaissance Complexity: How the Challenges of Renaissance Banking Finally Defeated the First Multinational Bank 21
Reference 38
Chapter 3: Rothschild, the Largest Bank in the World: How Multinational Family Ownership Overcame Nearly All Management Complexities When Others Failed 39
References 55
Chapter 4: Less Regulation Means Greater Complexity: How Looser Bank Regulation Allowed Faster Growth, Greater Complexity and Contributed to Absent Management in Banking 56
References 77
Chapter 5: Complexity from Growth: Territory and Size—How Absent Management Occurred Through Growth by State, Country and Sheer Size 79
References 97
Chapter 6: Complexity from Growth in Lines of Business: How Absent Management Occurred When Different Types of Banking Were Merged 99
References 119
Chapter 7: The Absence of Incentives to Manage: How the Wrong Incentives Resulted in Absent Management 121
References 136
Chapter 8: Producer Managers: How Continued Focus on Banking Resulted in Absent Management 137
References 154
Chapter 9: Bank Failures Cause Crisis: How Absent Management in Banks Can Cause a Crisis 155
References 177
Chapter 10: Bank Failure: Triggering Crisis—How Absent Management in Banks Triggered the 2008 Financial Crisis 180
References 202
Chapter 11: Bank Failures Cause a Global Crisis: How the Complexities of United States Mortgage Securities Devastated Banks and Made the Banking Crises Global 203
References 226
Chapter 12: The Cost of Financial Crisis: How Absent Management in Banking Became Costly 228
References 244
Chapter 13: What Has Changed: How Little Has Changed in Terms of Complexity, Producer Managers and Absent Management in Banking 245
References 266
Chapter 14: Conclusion 270
References 284
Index 286

Produkt-Details

• Erscheint lt. Verlag: 27.1.2020
• Zusatzinfo: VIII, 305 p. 1 illus.
• Sprache: englisch
• Themenwelt: Betriebswirtschaft / Management ► Spezielle Betriebswirtschaftslehre ► Bankbetriebslehre
• Themenwelt: Wirtschaft ► Betriebswirtschaft / Management ► Unternehmensführung / Management
• Schlagworte: Banking • Bank Management • Crisis • Economic History • Financial Crises • Financial depression • Financial History • financial recession • Management • Medici • Mismanagement • Rothschild
• ISBN-10: 3-030-35824-0 / 3030358240
• ISBN-13: 978-3-030-35824-2 / 9783030358242