Gretchen Morgenson in the NY Times Sunday says they haven’t satisfied the critics. Let’s not call it a stress test,” said Janet Tavakoli, founder of Tavakoli Structured Finance, a consulting firm in Chicago. “This was a test to try to get a measure of capital adequacy, using broad-brush percentages. I think what they are hoping [...]
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Technological Revolutions and Financial Capital is a slim (171 pages of text) book with a hefty punch. In it Carlota Perez charts major technological changes over two centuries that drew in massive amounts of speculative capital, created a bubble that then burst, and then continued in a quieter fashion to spread through the world drawing [...]
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In the recent Gartner report: “Social Banking: It’s All About the Money and Customer Focus,” Stessa Cohen and Alistair Newton say banks ought to plan on providing greater transparency to customers, especially around pricing. Interesting that this comes out about the same time as a BusinessWeek article on the way banks, and mobile phone providers, [...]
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If you want to understand the current banking crisis, start with Philip Augar whose latest book about investment banking, Chasing Alpha, covers the crash and its causes. Augar has a doctorate in history, although his recent books don’t mention it. As I recall from The Death of Gentlemanly Capitalism, he sort of stumbled into banking, [...]
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