Banking on the Wire

Robert Z. Aliber
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Robert Z. Aliber: University of Chicago

Chapter 16 in The New International Money Game, 2011, pp 236-249 from Palgrave Macmillan

Abstract: Abstract Lehman Brothers kaput. Bear Stearns induced to marry JPMorgan Chase. Merrill Lynch acquired — precipitously — by Bank of America. Morgan Stanley raised new capital by selling a 20 percent ownership interest to Mitsubishi. (And it was only 10 years ago that the Japanese banks were in financial turmoil after the implosion of property values and stock values in Tokyo.) Goldman Sachs and Morgan Stanley have become bank holding companies so they will have easier access to the Federal Reserve.

Keywords: Interest Rate; Commercial Bank; Capital Requirement; Market Area; Foreign Bank (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-24672-0_17

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DOI: 10.1057/9780230246720_17

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