Three Ring Circus

Nicholas P. Sargen ()
Additional contact information
Nicholas P. Sargen: Nicholas Sargen Advisory LLC

Chapter 19 in JPMorgan’s Fall and Revival, 2020, pp 189-198 from Springer

Abstract: Abstract The stock market surge continued in 1997, but optimism within the Private Bank faded amid an exodus of MBAs who had been recruited from leading business schools. More surprising were announcements that John Olds and Susan Bell would retire, which caused many to wonder if they had been unable to convince Sandy Warner of the Private Bank’s potential. Meanwhile, the stock market shrugged off the financial crisis that spread from Thailand to other Asian countries in the second half of 1997. These developments occurred as the wave of consolidations in financial services continued unabated that culminated in the merger between Citibank and Travelers Group in 1998, which preceded the repeal of Glass-Steagall a year later. The year ended with Long Term Capital Management having to be bailed out by a consortium of banks and the Fed easing monetary policy.

Date: 2020
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-030-47058-6_19

Ordering information: This item can be ordered from
http://www.springer.com/9783030470586

DOI: 10.1007/978-3-030-47058-6_19

Access Statistics for this chapter

More chapters in Springer Books from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().