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Overview
During the 1980s, the center of financial market power moved from the United States to Japan & Germany. Having made the classic lending mistakes, American bankers were mauled in cut-throat competition. By the end of the decade, however, the inflection point had been reached, & new competitive & economic forces had begun to shift the center of power once again. In Comeback Champions Roy Smith shows how the bases of banking competitiveness are changing, from the size of assets & profitable systems protected by regulation to market know-how, innovation, & technology. He reviews the past & present of the U.S., European, & Japanese financial systems, & provides insights into their futures. European banks, he demonstrates, are in the early stages of a free-market renaissance for which many are ill-prepared. For the powerful German banks, events in Eastern Europe & Eastern Germany will be a continuing distraction. Japanese banks & brokers, weakened by losses & scandal, have passed their peaks as superpowers. They now face major regulatory changes that will disrupt their once safe & profitable franchises.
| ISBN-13 | 9780071033848 |
|---|---|
| ISBN-10 | 007103384X |
| List Price | $32.50 |
| Format | Hardcover |
|---|---|
| Pages | 280 pages |
| Publisher | |
| Published On | 1993-01-01 |
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