Bank management and financial services:
Gespeichert in:
| Hauptverfasser: | , |
|---|---|
| Format: | Buch |
| Sprache: | English |
| Veröffentlicht: |
New York, NY [u.a.]
McGraw-Hill
2013
|
| Ausgabe: | 9. ed., internat. ed. |
| Schlagworte: | |
| Online-Zugang: | Inhaltsverzeichnis |
| Beschreibung: | Includes bibliographical references and index |
| Beschreibung: | XXVI, 740 S. Ill., graph. Darst. 27 cm |
| ISBN: | 9780071326421 |
Internformat
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| 020 | |a 9780071326421 |c alk. paper |9 978-007-132642-1 | ||
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| 084 | |a QK 300 |0 (DE-625)141640: |2 rvk | ||
| 100 | 1 | |a Rose, Peter S. |d 1940- |e Verfasser |0 (DE-588)128709030 |4 aut | |
| 245 | 1 | 0 | |a Bank management and financial services |c Peter S. Rose ; Sylvia C. Hudgins |
| 246 | 1 | 3 | |a Bank management & financial services |
| 250 | |a 9. ed., internat. ed. | ||
| 264 | 1 | |a New York, NY [u.a.] |b McGraw-Hill |c 2013 | |
| 300 | |a XXVI, 740 S. |b Ill., graph. Darst. |c 27 cm | ||
| 336 | |b txt |2 rdacontent | ||
| 337 | |b n |2 rdamedia | ||
| 338 | |b nc |2 rdacarrier | ||
| 500 | |a Includes bibliographical references and index | ||
| 650 | 4 | |a Financial institutions |z United States | |
| 650 | 4 | |a Bank management |z United States | |
| 650 | 4 | |a Financial services industry |z United States | |
| 650 | 4 | |a Banks and banking, International | |
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| 651 | 4 | |a USA | |
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| 689 | 0 | 1 | |a Management |0 (DE-588)4037278-9 |D s |
| 689 | 0 | 2 | |a Finanzdienstleistung |0 (DE-588)4212226-0 |D s |
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| 700 | 1 | |a Hudgins, Sylvia C. |d 1956- |e Verfasser |0 (DE-588)171277414 |4 aut | |
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Datensatz im Suchindex
| _version_ | 1804149466448527360 |
|---|---|
| adam_text | BRIEF
CONTENTS
PREFACE
XVI
PART
ONE
INTRODUCTION
TO
BANKING
AND
FINANCIAL
SERVICES
1
1
AN
OVERVIEW
OF
THE
CHANGING
FINANCIAL-SERVICES
SECTOR
1
2
THE
IMPACT
OF
GOVERNMENT
POLICY
AND
REGULATION
ON
THE
FINANCIAL-SERVICES
INDUSTRY
27
3
THE
ORGANIZATION
AND
STRUCTURE
OF
BANKING
AND
THE
FINANCIAL-SERVICES
INDUSTRY
65
4
ESTABLISHING
NEW
BANKS,
BRANCHES,
ATMS,
TELEPHONE
SERVICES,
AND
WEBSITES
99
PART
TWO
FINANCIAL
STATEMENTS
AND
FINANCIAL-FIRM
PERFORMANCE
129
5
THE
FINANCIAL
STATEMENTS
OF
BANKS
AND
THEIR
PRINCIPAL
COMPETITORS
129
6
MEASURING
AND
EVALUATING
THE
PERFORMANCE
OF
BANKS
AND
THEIR
PRINCIPAL
COMPETITORS
167
PART
THREE
TOOLS
FOR
MANAGING
AND
HEDGING
AGAINST
RISK
217
7
RISK
MANAGEMENT
FOR
CHANGING
INTEREST
RATES:
ASSET-LIABILITY
MANAGEMENT
AND
DURATION
T
ECHNIQUES
217
8
RISK
MANAGEMENT:
FINANCIAL
FUTURES,
OPTIONS,
SWAPS,
AND
OTHER
HEDGING
TOOLS
255
9
RISK
MANAGEMENT:
ASSET-BACKED
SECURITIES,
LOAN
SALES,
CREDIT
STANDBYS,
AND
CREDIT
DERIVATIVES
293
PART
FOUR
MANAGING
INVESTMENT
PORTFOLIOS
AND
LIQUIDITY
POSITIONS
FOR
FINANCIAL
FIRMS
321
10
THE
INVESTMENT
FUNCTION
IN
FINANCIAL-
SERVICES
MANAGEMENT
321
11
LIQUIDITY
AND
RESERVES
MANAGEMENT:
STRATEGIES
AND
POLICIES
359
PART
FIVE
MANAGING
SOURCES
OF
FUNDS
FOR
A
FINANCIAL
FIRM
397
12
MANAGING
AND
PRICING
DEPOSIT
SERVICES
397
13
MANAGING
NONDEPOSIT
LIABILITIES
427
14
INVESTMENT
BANKING,
INSURANCE,
AND
OTHER
SOURCES
OF
FEE
INCOME
457
15
THE
MANAGEMENT
OF
CAPITAL
485
PART
SIX
PROVIDING
LOANS
TO
BUSINESSES
AND
CONSUMERS
521
16
LENDING
POLICIES
AND
PROCEDURES:
MANAGING
CREDIT
RISK
521
17
LENDING
TO
BUSINESS
FIRMS
AND
PRICING
BUSINESS
LOANS
551
18
CONSUMER
LOANS,
CREDIT
CARDS,
AND
REAL
ESTATE
LENDING
593
VI
BRIEF
CONTENTS
PART
SEVEN
MANAGING
THE
FUTURE
IN
A
GLOBAL
MARKETPLACE
633
19
ACQUISITIONS
AND
MERGERS
IN
FINANCIAL-
SERVICES
MANAGEMENT
633
20
INTERNATIONAL
BANKING
AND
THE
FUTURE
OF
BANKING
AND
FINANCIAL
SERVICES
661
DICTIONARY
OF
BANKING
AND
FINANCIAL-SERVICE
TERMS
695
INDEX
713
CONTENTS
PREFACE
XVI
PART
ONE
INTRODUCTION
TO
BANKING
AND
FINANCIAL
SERVICES
1
CHAPTER
1
AN
OVERVIEW
OF
THE
CHANGING
FINANCIAL-SERVICES
SECTOR
1
KEY
TOPICS
IN
THIS
CHAPTER
1
1-1
INTRODUCTION
1
1-2
WHAT
IS
A
BANK?
2
1-3
THE
FINANCIAL
SYSTEM
AND
COMPETING
FINANCIAL-
SERVICE
INSTITUTIONS
5
ROLES
OF
THE
FINANCIAL
SYSTEM
5
THE
COMPETITIVE
CHALLENGE
FOR
BANKS
5
LEADING
COMPETITORS
WITH
BANKS
6
1-4
SERVICES
BANKS
AND
MANY
OF
THEIR
CLOSEST
COMPETITORS
OFFER
THE
PUBLIC
8
SERVICES
BANKS
HAVE
OFFERED
FOR
CENTURIES
8
SERVICES
BANKS
AND
MANY
OF
THEIR
FINANCIAL-SERVICE
COMPETITORS
BEGAN
OFFERING
IN
THE
PAST
CENTURY
11
CONVENIENCE:
THE
SUM
TOTAL
OF
ALL
BANKING
AND
FINANCIAL
SERVICES
14
1-5
KEY
TRENDS
AFFECTING
ALL
FINANCIAL-SERVICE
FIRMS*CRISIS,
REFORM,
AND
CHANGE
15
1-6
THE
PLAN
OF
THIS
BOOK
18
SUMMARY
21
KEY
TERMS
21
PROBLEMS
AND
PROJECTS
22
INTERNET
EXERCISES
22
REAL
NUMBERS
FOR
REAL
BANKS:
THE
VERY
FIRST
CASE
ASSIGNMENT
23
SELECTED
REFERENCES
24
APPENDIX:
CAREER
OPPORTUNITIES
IN
FINANCIAL
SERVICES
25
CHAPTER
2
THE
IMPACT
OF
GOVERNMENT
POLICY
AND
REGULATION
ON
THE
FINANCIAL-SERVICES
INDUSTRY
27
KEY
TOPICS
IN
THIS
CHAPTER
27
2-1
INTRODUCTION
27
2-2
BANKING
REGULATION
28
PROS
AND
CONS
OF
STRICT
RULES
29
THE
IMPACT
OF
REGULATION*THE
ARGUMENTS
FOR
STRICT
RULES
VERSUS
LENIENT
RULES
30
2-3
MAJOR
BANKING
LAWS*WHERE
AND
WHEN
THE
RULES
ORIGINATED
31
MEET
THE
*PARENTS :
THE
LEGISLATION
THAT
CREATED
TODAY*S
BANK
REGULATORS
32
INSTILLING
SOCIAL
GRACES
AND
MORALS*SOCIAL
RESPONSIBILITY
LAWS
35
LEGISLATION
AIMED
AT
ALLOWING
INTERSTATE
BANKING:
WHERE
CAN
THE
*KIDS
PLAY1
37
THE
GRAMM-LEACH-BLILEY
ACT
(1999):
WHAT
ARE
ACCEPTABLE
ACTIVITIES
FOR
PLAYTIME?
38
THE
USA
PATRIOT
AND
BANK
SECRECY
ACTS:
FIGHTING
TERRORISM
AND
MONEY
LAUNDERING
39
TELLING
THE
TRUTH
AND
NOT
STRETCHING
IT*THE
SARBANES-
OXLEY
ACCOUNTING
STANDARDS
ACT
(2002)
40
2*4
THE
21ST
CENTURY
USHERS
IN
AN
ARRAY
OF
NEW
LAWS
AND
REGULATIONS*FINREG,
THE
BASEL
AGREEMENT,
AND
OTHER
RULES
AROUND
THE
GLOBE
41
2-5
THE
REGULATION
OF
NONBANK
FINANCIAL-SERVICE
FIRMS
COMPETING
WITH
BANKS
49
REGULATING
THE
THRIFT
(SAVINGS)
INDUSTRY
49
REGULATING
OTHER
NONBANK
FINANCIAL
FIRMS
50
ARE
REGULATIONS
REALLY
NECESSARY
IN
THE
FINANCIAL-SERVICES
SECTOR?
51
2-6
THE
CENTRAL
BANKING
SYSTEM:
ITS
IMPACT
ON
THE
DECISIONS
AND
POLICIES
OF
FINANCIAL
INSTITUTIONS
52
ORGANIZATIONAL
STRUCTURE
OF
THE
FEDERAL
RESERVE
SYSTEM
52
THE
CENTRAL
BANK S
PRINCIPAL
TASK:
MAKING
AND
IMPLEMENTING
MONETARY
POLICY
53
VII
VIII
CONTENTS
SUMMARY
58
KEY
TERMS
59
PROBLEMS
AND
PROJECTS
60
INTERNET
EXERCISES
61
REAL
NUMBERS
FOR
REAL
BANKS:
CONTINUING
CASE
ASSIGNMENT
FOR
CHAPTER
2
61
SELECTED
REFERENCES
62
APPENDIX:
CENTRAL
BANK
MONETARY
POLICY:
TWO
TARGETS
AND
THE
GREAT
RECESSION
OF
2007*2009
64
CHAPTER
3
THE
ORGANIZATION
AND
STRUCTURE
OF
BANKING
AND
THE
FINANCIAL-SERVICES
INDUSTRY
65
KEY
TOPICS
IN
THIS
CHAPTER
65
3-1
INTRODUCTION
65
3-2
THE
ORGANIZATION
AND
STRUCTURE
OF
THE
COMMERCIAL
BANKING
INDUSTRY
66
ADVANCING
SIZE
AND
CONCENTRATION
OF
ASSETS
66
3-3
INTERNAL
ORGANIZATION
OF
THE
BANKING
FIRM
67
COMMUNITY
BANKS
AND
OTHER
COMMUNITY-ORIENTED
FINANCIAL
FIRMS
68
LARGER
BANKS
*
MONE}
CENTER,
WHOLESALE
AND
RETAIL
69
TRENDS
IN
ORGANIZATION
70
3-4
THE
ARRAY
OF
ORGANIZATIONAL
STRUCTURES
AND
TYPES
IN
THE
BANKING
INDUSTRY
71
UNIT
BANKING
ORGANIZATIONS
72
BRANCHING
ORGANIZATIONS
73
ELECTRONIC
BRANCHING*WEBSITES
AND
ELECTRONIC
NETWORKS:
AN
ALTERNATIVE
OR
A
SUPPLEMENT
TO
TRADITIONAL
BANK
BRANCH
OFFICES
I
76
HOLDING
COMPANY
ORGANIZATIONS
77
3-5
INTERSTATE
BANKING
ORGANIZATIONS
AND
THE
RIEGLE-
NEAL
INTERSTATE
BANKING
AND
BRANCHING
EFFICIENCY
ACT
OF
1994
81
RESEARCH
ON
INTERSTATE
BANKING
82
3-6
AN
ALTERNATIVE
TYPE
OF
BANKING
ORGANIZATION
AVAILABLE
AS
THE
21ST
CENTURY
OPENED:
FINANCIAL
HOLDING
COMPANIES
(FHCS)
83
3-7
MERGERS
AND
ACQUISITIONS
RESHAPING
THE
STRUCTURE
AND
ORGANIZATION
OF
THE
FINANCIAL-
SERVICES
SECTOR
85
3-8
THE
CHANGING
ORGANIZATION
AND
STRUCTURE
OF
BANKING*S
PRINCIPAL
COMPETITORS
85
3-9
EFFICIENCY
AND
SIZE:
DO
BIGGER
FINANCIAL
FIRMS
OPERATE
AT
LOWER
COST?
87
EFFICIENCY
IN
PRODUCING
FINANCIAL
SERVICES
87
3-10
FINANCIAL
FIRM
GOALS:
THEIR
IMPACT
ON
OPERATING
COST,
EFFICIENCY,
AND
PERFORMANCE
90
SUMMARY
92
KEY
TERMS
93
PROBLEMS
AND
PROJECTS
94
REAL
NUMBERS
FOR
REAL
BANKS:
CONTINUING
CASE
ASSIGNMENT
FOR
CHAPTER
3
95
INTERNET
EXERCISES
95
SELECTED
REFERENCES
96
CHAPTER
4
ESTABLISHING
NEW
BANKS,
BRANCHES,
ATMS,
TELEPHONE
SERVICES,
AND
WEBSITES
99
KEY
TOPICS
IN
THIS
CHAPTER
99
4-1
INTRODUCTION
99
*
4-2
CHARTERING
A
NEW
(DE
NOVO)
FINANCIAL-SERVICE
INSTITUTION
100
4-3
THE
BANK
CHARTERING
PROCESS
IN
THE
UNITED
STATES
101
4-4
QUESTIONS
REGULATORS
USUALLY
ASK
THE
ORGANIZERS
OF
A
NEW
(DE
NOVO)
BANK
102
4-5
FACTORS
WEIGHING
ON
THE
DECISION
TO
SEEK
A
NEW
CHARTER
103
4-6
VOLUME
AND
CHARACTERISTICS
OF
NEW
CHARTERS
104
4-7
HOW
WELL
DO
NEW
CHARTERS
PERFORM?
104
4-8
ESTABLISHING
FULL-SERVICE
BRANCH
OFFICES:
CHOOSING
LOCATIONS
AND
DESIGNING
NEW
BRANCHES
106
DESIRABLE
SITES
FOR
NEW
BRANCHES
108
BRANCH
REGULATION
111
THE
CHANGING
ROLE
OF
FINANCIAL-SERVICE
BRANCH
OFFICES
111
IN-STORE
BRANCHING
112
4-9
ESTABLISHING
AND
MONITORING
AUTOMATED
LIMITED-SERVICE
FACILITIES
(*BRANCHLESS
BANKING*)
113
POINT-OF-SALE
TERMINALS
113
AUTOMATED
TELLER
MACHINES
(ATMS)
114
4-10
BANKING
IN
HOMES,
OFFICES,
STORES,
AND
ON
THE
STREET
117
T
ELEPHONE
BANKING
AND
CALL
CENTERS
117
INTERNET
BANKING
118
4-11
FINANCIAL-SERVICE
FACILITIES
OF
THE
FUTURE
121
SUMMARY
123
KEY
TERMS
124
PROBLEMS
AND
PROJECTS
124
INTERNET
EXERCISES
126
SELECTED
REFERENCES
126
REAL
NUMBERS
FOR
REAL
BANKS:
CONTINUING
CASE
ASSIGNMENT
FOR
CHAPTER
4
127
CONTENTS
IX
PART
TWO
FINANCIAL
STATEMENTS
AND
FINANCIAL-FIRM
PERFORMANCE
129
CHAPTER
5
THE
FINANCIAL
STATEMENTS
OF
BANKS
AND
THEIR
PRINCIPAL
COMPETITORS
129
KEY
TOPICS
IN
THIS
CHAPTER
129
5-1
INTRODUCTION
129
5-2
AN
OVERVIEW
OF
BALANCE
SHEETS
AND
INCOME
STATEMENTS
130
5-3
THE
BALANCE
SHEET
(REPORT
OF
CONDITION)
131
THE
PRINCIPAL
TYPES
OF
ACCOUNTS
131
RECENT
EXPANSION
OF
OFF-BALANCE-SHEET
HEMS
IN
BANKING
142
THE
PROBLEM
OF
BOOK-VALUE
ACCOUNTING
142
AUDITING:
ASSURING
RELIABILITY
OF
FINANCIAL
STATEMENTS
144
5-4
COMPONENTS
OF
THE
INCOME
STATEMENT
(REPORT
OF
INCOME)
145
FINANCIAL
FLOWS
AND
STOCKS
46
COMPARATIVE
INCOME
STATEMENT
RATIOS
FOR
DIFFERENT-SIZE
FINANCIAL
FIRMS
1
51
5-5
THE
FINANCIAL
STATEMENTS
OF
LEADING
NONBANK
FINANCIAL
FIRMS:
A
COMPARISON
TO
BANK
STATEMENTS
151
5-
6
AN
OVERVIEW
OF
KEY
FEATURES
OF
FINANCIAL
STATEMENTS
AND
THEIR
CONSEQUENCES
153
SUMMARY
154
KEY
TERMS
155
PROBLEMS
AND
PROJECTS
155
INTERNET
EXERCISES
160
SELECTED
REFERENCES
161
REAL
NUMBERS
FOR
REAL
BANKS:
CONTINUING
CASE
ASSIGNMENT
FOR
CHAPTER
5
162
APPENDIX:
SOURCES
OF
INFORMATION
ON
THE
FINANCIAL-
SERVICES
INDUSTRY
164
CHAPTER
6
MEASURING
AND
EVALUATING
THE
PERFORMANCE
OF
BANKS
AND
THEIR
PRINCIPAL
COMPETITORS
167
KEY
TOPICS
IN
THIS
CHAPTER
167
6-
1
INTRODUCTION
167
6-2
EVALUATING
PERFORMANCE
168
DETERMINING
LONG-RANGE
OBJECTIVES
168
MAXIMIZING
THE
VALUE
OF
THE
FIRM:
A
KEY
OBJECTIVE
FOR
NEARLY
ALL
FINANCIAL-SERVICE
INSTITUTIONS
169
PROFITABILITY
RATIOS:
A
SURROGATE
FOR
STOCK
VALUES
1
7
1
USEFUL
PROFITABILITY
FORMULAS
FOR
BANKS
AND
OTHER
FINANCIAL-SERVICE
COMPANIES
173
RETURN
ON
EQUITY
AND
ITS
PRINCIPAL
COMPONENTS
174
THE
RETURN
ON
ASSETS
AND
ITS
PRINCIPAL
COMPONENTS
178
WHAT
A
BREAKDOWN
OF
PROFITABILITY
MEASURES
CAN
TELL
US
180
MEASURING
RISK
IN
BANKING
AND
FINANCIAL
SERVICES
181
OTHER
GOALS
IN
BANKING
AND
FINANCIAL-SERVICES
MANAGEMENT
188
6-3
PERFORMANCE
INDICATORS
AMONG
BANKING*S
KEY
COMPETITORS
189
6-
4
THE
IMPACT
OF
SIZE
ON
PERFORMANCE
189
SIZE,
LOCATION,
AND
REGULATORY
BIAS
IN
ANALYZING
THE
PERFORMANCE
OF
BANKS
AND
COMPETING
FINANCIAL
INSTITUTIONS
191
SUMMARY
192
KEY
TERMS
192
PROBLEMS
AND
PROJECTS
193
INTERNET
EXERCISES
197
REAL
NUMBERS
FOR
REAL
BANKS:
CONTINUING
CASE
ASSIGNMENT
FOR
CHAPTER
6
198
SELECTED
REFERENCES
199
APPENDIX:
USING
FINANCIAL
RATIOS
AND
OTHER
ANALYTICAL
TOOLS
TO
TRACK
FINANCIAL-FIRM
PERFORMANCE*THE
UBPR
AND
BHCPR
201
PART
THREE
TOOLS
FOR
MANAGING
AND
HEDGING
AGAINST
RISK
217
CHAPTER
7
RISK
MANAGEMENT
FOR
CHANGING
INTEREST
RATES:
ASSET-LIABILITY
MANAGEMENT
AND
DURATION
TECHNIQUES
217
KEY
TOPICS
IN
THIS
CHAPTER
217
,
7-
1
INTRODUCTION
217
7-2
ASSET-LIABILITY
MANAGEMENT
STRATEGIES
218
ASSET
MANAGEMENT
SCRATEGY
218
LIABILITY
MANAGEMENT
STRATEGY
218
FUNDS
MANAGEMENT
S
TRATEGY
219
7-3
INTEREST
RATE
RISK:
ONE
OF
THE
GREATEST
MANAGEMENT
CHALLENGES
219
FORCES
DETERMINING
INTEREST
RATES
220
THE
MEASUREMENT
OF
INTEREST
RATES
221
THE
COMPONENTS
OF
INTEREST
RATES
222
RESPONSES
TO
INTEREST
RATE
RISK
225
X
CONTENTS
7-4
ONE
OF
THE
GOALS
OF
INTEREST
RATE
HEDGING:
PROTECT
THE
NET
INTEREST
MARGIN
225
INTEREST-SENSITIVE
GAP
MANAGEMENT
AS
A
RISK-
MANAGEMENT
TOOL
226
PROBLEMS
WITH
INTEREST-SENSITIVE
GAP
MANAGEMENT
234
7-5
THE
CONCEPT
OF
DURATION
AS
A
RISK-
MANAGEMENT
TOOL
236
WHAT
IS
DURATION?
237
PRICE
SENSITIVITY
TO
CHANGES
IN
INTEREST
RATES
AND
DURATION
238
CONVEXITY
AND
DURATION
239
7-6
USING
DURATION
TO
HEDGE
AGAINST
INTEREST
RATE
RISK
239
7-
7
THE
LIMITATIONS
OF
DURATION
GAP
MANAGEMENT
246
SUMMARY
247
KEY
TERMS
248
PROBLEMS
AND
PROJECTS
248
INTERNET
EXERCISES
251
REAL
NUMBERS
FOR
REAL
BANKS:
CONTINUING
CASE
ASSIGNMENT
FOR
CHAPTER
7
252
SELECTED
REFERENCES
254
CHAPTER
8
RISK
MANAGEMENT:
FINANCIAL
FUTURES,
OPTIONS,
SWAPS,
AND
OTHER
HEDGING
TOOLS
255
KEY
TOPICS
IN
THIS
CHAPTER
255
8-
1
INTRODUCTION
255
8-2
USES
OF
DERIVATIVE
CONTRACTS
AMONG
FDIC-INSURED
BANKS
256
8-3
FINANCIAL
FUTURES
CONTRACTS:
PROMISES
OF
FUTURE
SECURITY
TRADES
AT
A
PRESET
PRICE
257
THE
SHORT
HEDGE
IN
FUTURES
262
THE
LONG
HEDGE
IN
FUTURES
263
8^1
INTEREST-RATE
OPTIONS
270
8-5
REGULATIONS
AND
ACCOUNTING
RULES
FOR
BANK
FUTURES
AND
OPTIONS
TRADING
276
8-6
INTEREST-RATE
SWAPS
277
8-7
CAPS,
FLOORS,
AND
COLLARS
283
INTEREST-RATE
CAPS
283
INTEREST-RATE
FLOORS
283
INTEREST-RATE
COLLARS
284
SUMMARY
285
KEY
TERMS
285
PROBLEMS
AND
PROJECTS
286
INTERNET
EXERCISES
289
REAL
NUMBERS
FOR
REAL
BANKS:
CONTINUING
CASE
ASSIGNMENT
FOR
CHAPTER
8
29C
SELECTED
REFERENCES
291
CHAPTER
9
RISK
MANAGEMENT:
ASSET-BACKED
SECURITIES,
LOAN
SALES,
CREDIT
STANDBYS,
AND
CREDIT
DERIVATIVES
293
KEY
TOPICS
IN
THIS
CHAPTER
293
9-1
INTRODUCTION
293
9-2
SECURITIZING
LOANS
AND
OTHER
ASSETS
294
THE
BEGINNINGS
OF
SECURITIZATION*THE
HOME
MORTGAGE
MARKET
297
EXAMPLES
OF
OTHER
ASSETS
THAT
HAVE
BEEN
SECURITIZED
299
THE
IMPACT
OF
SECURITIZATION
UPON
LENDING
INSTITUTIONS
302
REGULATORS*
CONCERNS
ABOUT
SECURITIZATION
302
9-3
SALES
OF
LOANS
TO
RAISE
FUNDS
AND
REDUCE
RISK
303
REASONS
BEHIND
LOAN
SALES
305
THE
RISKS
IN
LOAN
SALES
305
9-4
STANDBY
CREDIT
LETTERS
TO
REDUCE
THE
RISK
OF
NONPAYMENT
OR
NONPERFORMANCE
306
THE
STRUCTURE
OF
SLCS
307
THE
VALUE
AND
PRICING
OF
STANDBY
LETTERS
308
SOURCES
OF
RISK
WITH
STANDBYS
308
REGULATORY
CONCERNS
ABOUT
SLCS
309
RESEARCH
STUDIES
ON
STANDBYS,
LOAN
SALES,
AND
SECURITIZATIONS
309
9-5
CREDIT
DERIVATIVES:
CONTRACTS
FOR
REDUCING
CREDIT
RISK
EXPOSURE
ON
THE
BALANCE
SHEET
310
CREDIT
SWAPS
310
CREDIT
OPTIONS
311
CREDIT
DEFAULT
SWAPS
(CDSS)
312
CREDIT-LINKED
NOTES
314
COLLATERALIZED
DEBT
OBLIGATIONS
(CDOS)
314
RISKS
ASSOCIATED
WITH
CREDIT
DERIVATIVES
315
SUMMARY
315
KEY
TERMS
316
PROBLEMS
AND
PROJECTS
316
INTERNET
EXERCISES
318
REAL
NUMBERS
FOR
REAL
BANKS:
CONTINUING
CASE
ASSIGNMENT
FOR
CHAPTER
9
318
SELECTED
REFERENCES
319
CONTENTS
PART
FOUR
MANAGING
INVESTMENT
PORTFOLIOS
AND
LIQUIDITY
POSITIONS
FOR
FINANCIAL
FIRMS
321
CHAPTER
10
THE
INVESTMENT
FUNCTION
IN
FINANCIAL-
SERVICES
MANAGEMENT
321
KEY
TOPICS
IN
THIS
CHAPTER
321
10-1
INTRODUCTION
321
10-2
INVESTMENT
INSTRUMENTS
AVAILABLE
TO
FINANCIAL
FIRMS
322
10-3
POPULAR
MONEY
MARKET
INVESTMENT
INSTRUMENTS
323
TREASURY
BILLS
323
SHORT-TERM
TREASURY
NOTES
AND
BONDS
325
FEDERAL
AGENCY
SECURITIES
325
CERTIFICATES
OF
DEPOSIT
325
INTERNATIONAL
EUROCURRENCY
DEPOSITS
325
BANKERS*
ACCEPTANCES
326
COMMERCIAL
PAPER
326
SHORT-TERM
MUNICIPAL
OBLIGATIONS
326
10-4
POPULAR
CAPITAL
MARKET
INVESTMENT
INSTRUMENTS
327
TREASURY
NOTES
AND
BONDS
327
MUNICIPAL
NOTES
AND
BONDS
327
CORPORATE
NOTES
AND
BONDS
327
10-5
INVESTMENT
INSTRUMENTS
DEVELOPED
MORE
RECENTLY
328
STRUCTURED
NOTES
328
SECURITIZED
ASSETS
328
10-6
INVESTMENT
SECURITIES
HELD
BY
BANKS
330
10-7
FACTORS
AFFECTING
CHOICE
OF
INVESTMENT
SECURITIES
332
EXPECTED
RATE
OF
RETURN
332
TAX
EXPOSURE
333
INTEREST
RATE
RISK
337
CREDIT
OR
DEFAULT
RISK
338
BUSINESS
RISK
340
LIQUIDITY
RISK
340
CALL
RISK
340
PREPAYMENT
RISK
340
INFLATION
RISK
342
PLEDGING
REQUIREMENTS
342
10-8
INVESTMENT
MATURITY
STRATEGIES
343
10-9
MATURITY
MANAGEMENT
TOOLS
346
THE
YIELD
CURVE
346
DURATION
348
SUMMARY
350
KEY
TERMS
351
PROBLEMS
AND
PROJECTS
351
INTERNET
EXERCISES
353
REAL
NUMBERS
FOR
REAL
BANKS:
CONTINUING
CASE
ASSIGNMENT
FOR
CHAPTER
10
354
SELECTED
REFERENCES
356
CHAPTER
11
LIQUIDITY
AND
RESERVES
MANAGEMENT:
STRATEGIES
AND
POLICIES
359
KEY
TOPICS
IN
THIS
CHAPTER
359
11-1
INTRODUCTION
359
11-2
THE
DEMAND
FOR
AND
SUPPLY
OF
LIQUIDITY
360
11-3
WHY
FINANCIAL
FIRMS
OFTEN
FACE
SIGNIFICANT
LIQUIDITY
PROBLEMS
362
11-4
STRATEGIES
FOR
LIQUIDITY
MANAGERS
363
ASSET
LIQUIDITY
MANAGEMENT
(OR
ASSET
CONVERSION)
STRATEGIES
363
BORROWED
LIQUIDITY
(LIABILITY)
MANAGEMENT
STRATEGIES
364
BALANCED
LIQUIDITY
MANAGEMENT
STRATEGIES
365
GUIDELINES
FOR
LIQUIDITY
MANAGERS
366
11-5
ESTIMATING
LIQUIDITY
NEEDS
366
THE
SOURCES
AND
USES
OF
FUNDS
APPROACH
367
THE
STRUCTURE
OF
FUNDS
APPROACH
370
LIQUIDITY
INDICATOR
APPROACH
374
THE
ULTIMATE
STANDARD
FOR
ASSESSING
LIQUIDITY
NEEDS:
SIGNAK
FROM
THE
MARKETPLACE
376
11-6
LEGAL
RESERVES
AND
MONEY
POSITION
MANAGEMENT
378
REGULATIONS
ON
CALCULATING
LEGAL
RESERVA
REQUIREMENTS
378
FACTORS
INFLUENCING
THE
MONEY
POSITION
382
11-7
FACTORS
IN
CHOOSING
AMONG
THE
DIFFERENT
SOURCES
OF
RESERVES
386
11-8
CENTRAL
BANK
RESERVE
REQUIREMENTS
AROUND
THE
GLOBE
388
SUMMARY
388
KEY
TERMS
389
PROBLEMS
AND
PROJECTS
389
INTERNET
EXERCISES
393
XII
CONTENTS
REAL
NUMBERS
FOR
REAL
BANKS:
CONTINUING
CASE
ASSIGNMENT
FOR
CHAPTER
11
394
SELECTED
REFERENCES
395
PART
FIVE
MANAGING
SOURCES
OF
FUNDS
FOR
A
FINANCIAL
FIRM
397
CHAPTER
12
MANAGING
AND
PRICING
DEPOSIT
SERVICES
397
KEY
TOPICS
IN
THIS
CHAPTER
397
12-1
INTRODUCTION
397
12-2
TYPES
OF
DEPOSITS
OFFERED
BY
DEPOSITORY
INSTITUTIONS
398
TRANSACTION
(PAYMENTS
OR
DEMAND)
DEPOSITS
398
NONTRANSACTION
(SAVINGS
OR
THRIFT)
DEPOSITS
400
RETIREMENT
SAVINGS
DEPOSITS
401
12-3
INTEREST
RATES
OFFERED
ON
DIFFERENT
TYPES
OF
DEPOSITS
401
THE
COMPOSITION
OF
DEPOSITS
402
THE
OWNERSHIP
OF
DEPOSITS
4
03
THE
COST
OF
DIFFERENT
DEPOSIT
ACCOUNTS
404
12-4
PRICING
DEPOSIT-RELATED
SERVICES
406
12-5
PRICING
DEPOSITS
AT
COST
PLUS
PROFIT
MARGIN
407
12-6
NEW
DEPOSIT
INSURANCE
RULES*INSIGHTS
AND
ISSUES
408
12-7
USING
MARGINAL
COST
TO
SET
INTEREST
RATES
ON
DEPOSITS
409
CONDITIONAL
PRICING
411
12-8
PRICING
BASED
ON
THE
TOTAL
CUSTOMER
RELATIONSHIP
AND
CHOOSING
A
DEPOSITORY
414
THE
ROLE
THAT
PRICING
AND
OTHER
FACTORS
PLAY
WHEN
CUSTOMERS
CHOOSE
A
DEPOSITORY
INSTITUTION
TO
HOLD
THEIR
ACCOUNTS
415
12-
9
BASIC
(LIFELINE)
BANKING:
KEY
SERVICES
FOR
LOW-
INCOME
CUSTOMERS
417
SUMMARY
418
KEY
TERMS
419
PROBLEMS
AND
PROJECTS
420
INTERNET
EXERCISES
422
REAL
NUMBERS
FOR
REAL
BANKS:
CONTINUING
CASE
ASSIGNMENT
FOR
CHAPTER
12
422
SELECTED
REFERENCES
425
CHAPTER
13
MANAGING
NONDEPOSIT
LIABILITIES
427
KEY
TOPICS
IN
THIS
CHAPTER
427
13-
1
INTRODUCTION
427
13-2
LIABILITY
MANAGEMENT
AND
THE
CUSTOMER
RELATIONSHIP
DOCTRINE
427
13-3
ALTERNATIVE
NONDEPOSIT
SOURCES
OF
FUNDS
430
FEDERAL
FUNDS
MARKET
(*FED
FUNDS*)
430
REPURCHASE
AGREEMENTS
AS
A
SOURCE
OF
FUNDS
433
BORROWING
FROM
FEDERAL
RESERVE
BANKS
436
ADVANCES
FROM
FEDERAL
HOME
LOAN
BANKS
437
DEVELOPMENT
AND
SALE
OF
LARGE
NEGOTIABLE
CDS
438
THE
EUROCURRENCY
DEPOSIT
MARKET
439
COMMERCIAL
PAPER
MARKET
441
LONG-TERM
NONDEPOSIT
FUNDS
SOURCES
442
13-
4
CHOOSING
AMONG
ALTERNATIVE
NONDEPOSIT
SOURCES
443
MEASURING
A
FINANCIAL
FIRM*S
TOTAL
NEED
FOR
NONDEPOSIT
FUNDS:
THE
AVAILABLE
FUNDS
GAP
443
NONDEPOSIT
FUNDING
SOURCES:
FACTORS
TO
CONSIDER
444
SUMMARY
451
KEY
TERMS
452
PROBLEMS
AND
PROJECTS
452
INTERNET
EXERCISES
454
REAL
NUMBERS
FOR
REAL
BANKS:
CONTINUING
CASE
ASSIGNMENT
FOR
CHAPTER
13
455
SELECTED
REFERENCES
456
CHAPTER
14
INVESTMENT
BANKING,
INSURANCE,
AND
OTHER
SOURCES
OF
FEE
INCOME
457
KEY
TOPICS
IN
THIS
CHAPTER
457
14-
1
INTRODUCTION
457
14-2
SALES
OF
INVESTMENT
BANKING
SERVICES
458
KEY
INVESTMENT
BANKING
SERVICES
459
LINKAGES
BETWEEN
COMMERCIAL
AND
INVESTMENT
BANKING
461
POSSIBLE
ADVANTAGES
AND
DISADVANTAGES
OF
LINKING
COMMERCIAL
AND
INVESTMENT
BANKING
462
KEY
ISSUES
/OR
INVESTMENT
BANKS
OF
THE
FUTURE
463
14-3
SELLING
INVESTMENT
PRODUCTS
TO
CONSUMERS
464
MUTUAL
FUND
INVESTMENT
PRODUCTS
464
ANNUITY
INVESTMENT
PRODUCTS
466
THE
TRACK
RECORD
FOR
SALES
OF
INVESTMENT
PRODUCTS
466
RISKS
AND
RULES
FOR
SELLING
INVESTMENT
PRODUCTS
467
14*4
TRUST
SERVICES
AS
A
SOURCE
OF
FEE
INCOME
468
14-5
SALES
OF
INSURANCE-RELATED
PRODUCTS
470
T
YPES
OF
INSURANCE
PRODUCTS
SOLD
TODAY
471
RULES
COVERING
INSURANCE
SALES
BY
FEDERALLY
INSURED
DEPOSITORY
INSTITUTIONS
472
CONTENTS
XIII
14-6
THE
ALLEGED
BENEFITS
OF
FINANCIAL-SERVICES
DIVERSIFICATION
473
AN
EXAMPLE
OF
THE
PRODUCT-LINE
DIVERSIFICATION
EFFECT
REDUCING
RISK
473
POTENTIAL
ECONOMIES
OF
SCALE
AND
SCOPE
476
14-
7
INFORMATION
FLOWS
WITHIN
THE
FINANCIAL
FIRM
476
SUMMARY
478
KEY
TERMS
479
PROBLEMS
AND
PROJECTS
479
INTERNET
EXERCISES
480
REAL
NUMBERS
FOR
REAL
BANKS:
CONTINUING
CASE
ASSIGNMENT
FOR
CHAPTER
14
481
SELECTED
REFERENCES
482
CHAPTER
15
THE
MANAGEMENT
OF
CAPITAL
485
KEY
TOPICS
IN
THIS
CHAPTER
485
15-
1
INTRODUCTION
485
15-2
THE
MANY
TASKS
CAPITAL
PERFORMS
486
15-3
CAPITAL
AND
RISK
487
KEY
RISKS
IN
BANKING
AND
FINANCIAL
INSTITUTIONS*
MANAGEMENT
487
DEFENSES
AGAINST
RISK
4
88
15-4
TYPES
OF
CAPITAL
IN
USE
489
RELATIVE
IMPORTANCE
OF
DIFFERENT
SOURCES
OF
CAPITAL
490
15-5
ONE
OF
THE
GREAT
ISSUES
IN
THE
HISTORY
OF
BANKING:
HOW
MUCH
CAPITAL
IS
REALLY
NEEDED?
492
REGULATORY
APPROACH
TO
EVALUATING
CAPITAL
NEEDS
492
15-6
THE
BASEL
AGREEMENT
ON
INTERNATIONAL
CAPITAL
STANDARDS:
A
CONTINUING
HISTORIC
CONTRACT
AMONG
LEADING
NATIONS
493
BASE!
I
494
CAPITAL
REQUIREMENTS
ATTACHED
TO
DERIVATIVES
497
BASEL
II:
502
BASEL
III:
ANOTHER
MAJOR
REGULATORY
STEP
UNDERWAY,
BOM
IN
GLOBAL
CRISIS
505
15-7
CHANGING
CAPITAL
STANDARDS
INSIDE
THE
UNITED
STATES
506
15-8
PLANNING
TO
MEET
CAPITAL
NEEDS
507
RAISING
CAPITAL
INTERNALLY
508
RAISING
CAPITAL
EXTERNALLY
509
SUMMARY
512
KEY
TERMS
513
PROBLEMS
AND
PROJECTS
514
INTERNET
EXERCISES
516
REAL
NUMBERS
FOR
REAL
BANKS:
CONTINUING
CASE
ASSIGNMENT
FOR
CHAPTER
15
517
SELECTED
REFERENCES
518
PART
SIX
PROVIDING
LOANS
TO
BUSINESSES
AND
CONSUMERS
521
CHAPTER
16
LENDING
POLICIES
AND
PROCEDURES:
MANAGING
CREDIT
RISK
521
KEY
TOPICS
IN
THIS
CHAPTER
521
16-1
INTRODUCTION
521
16-2
TYPES
OF
LOANS
522
FACTORS
DETERMINING
THE
GROWTH
AND
MIX
OF
LOANS
522
16-3
REGULATION
OF
LENDING
525
ESTABLISHING
A
GOOD
WRITTEN
LOAN
POLICY
527
16-4
STEPS
IN
THE
LENDING
PROCESS
528
16-5
CREDIT
ANALYSIS:
WHAT
MAKES
A
GOOD
LOAN?
530
1.
IS
THE
BORROWER
CREDITWORTHY
?
THE
CS
OF
CREDIT
530
2.
CAN
THE
LOAN
AGREEMENT
BE
PROPERLY
STRUCTURED
AND
DOCUMENTED?
534
3.
CAN
THE
LENDER
PERFECT
ITS
CLAIM
AGAINST
THE
BORROWER*S
EARNINGS
AND
ANY
ASSETS
THAT
MAY
BE
PLEDGED
AS
COLLATERAL1
534
16-6
SOURCES
OF
INFORMATION
ABOUT
LOAN
CUSTOMERS
537
16-7
PARTS
OF
A
TYPICAL
LOAN
AGREEMENT
539
16-8
LOAN
REVIEW
542
16-
9
LOAN
WORKOUTS
543
SUMMARY
545
KEY
TERMS
545
PROBLEMS
AND
PROJECTS
546
INTERNET
EXERCISES
548
REAL
NUMBERS
FOR
REAL
BANKS:
CONTINUING
CASE
ASSIGNMENT
FOR
CHAPTER
16
548
SELECTED
REFERENCES
550
CHAPTER
17
LENDING
TO
BUSINESS
FIRMS
AND
PRICING
BUSINESS
LOANS
551
KEY
TOPICS
IN
THIS
CHAPTER
551
17-
1
INTRODUCTION
551
17-2
BRIEF
HISTORY
OF
BUSINESS
LENDING
552
17-3
TYPES
OF
BUSINESS
LOANS
552
17-4
SHORT-TERM
LOANS
TO
BUSINESS
FIRMS
552
SELF LIQUIDATING
INVENTORY
LOANS
552
WORKING
CAPITAL
LOANS
553
INTERIM
CONSTRUCTION
FINANCING
554
SECURITY
DEALER
FINANCING
554
RETAILER
AND
EQUIPMENT
FINANCING
554
XIV
CONTENTS
ASSET-BASED
FINANCING
555
SYNDICATED
LOANS
(SNCS)
555
17-5
LONG-TERM
LOANS
TO
BUSINESS
FIRMS
556
TERM
BUSINESS
LOANS
556
REVOLVING
CREDIT
FINANCING
556
LONG-TERM
PROJECT
LOANS
557
LOANS
TO
SUPPORT
THE
ACQUISITION
OF
OTHER
BUSINESS
FIRMS*
LEVERAGED
BUYOUTS
558
17-6
ANALYZING
BUSINESS
LOAN
APPLICATIONS
558
ANALYSIS
OF
A
BUSINESS
BORROWER*S
FINANCIAL
STATEMENTS
559
17-7
FINANCIAL
RATIO
ANALYSIS
OF
A
CUSTOMER*S
FINANCIAL
STATEMENTS
560
THE
BUSINESS
CUSTOMER*S
CONTROL
OVER
EXPENSES
562
OPERATING
EFFICIENCY:
MEASURE
OF
A
BUSINESS
FIRM*S
PERFORMANCE
EFFECTIVENESS
562
MARKETABILITY
OF
THE
CUSTOMER*S
PRODUCT
OR
SERVICE
563
COVERAGE
RATIOS:
MEASURING
THE
ADEQUACY
OF
EARNINGS
564
LIQUIDITY
INDICATORS
FOR
BUSINESS
CUSTOMERS
565
PROFITABILITY
INDICATORS
566
THE
FINANCIAL
LEVERAGE
FACTOR
AS
A
BAROMETER
OF
A
BUSINESS
FIRM*S
CAPITAL
STRUCTURE
567
17-8
COMPARING
A
BUSINESS
CUSTOMER*S
PERFORMANCE
TO
THE
PERFORMANCE
OF
ITS
INDUSTRY
567
CONTINGENT
LIABILITIES
569
17-9
PREPARING
STATEMENTS
OF
CASH
FLOWS
FROM
BUSINESS
FINANCIAL
STATEMENTS
570
PRO
FORMA
STATEMENTS
OF
CASH
FLOWS
AND
BALANCE
SHEETS
573
THE
LOAN
OFFICER*S
RESPONSIBILITY
TO
THE
LENDING
INSTITUTION
AND
THE
CUSTOMER
575
17-
10
PRICING
BUSINESS
LOANS
577
THE
COST-PLUS
LOAN
PRICING
METHOD
577
THE
PRICE
LEADERSHIP
MODEL
578
BELOW-PRIME
MARKET
PRICING
580
CUSTOMER
PROFITABILITY
ANALYSIS
(CPA)
580
SUMMARY
584
KEY
TERMS
585
PROBLEMS
AND
PROJECTS
585
REAL
NUMBERS
FOR
REAL
BANKS:
CONTINUING
CASE
ASSIGNMENT
FOR
CHAPTER
17
589
INTERNET
EXERCISES
589
SELECTED
REFERENCES
590
CHAPTER
18
CONSUMER
LOANS,
CREDIT
CARDS,
AND
REAL
ESTATE
LENDING
593
KEY
TOPICS
IN
THIS
CHAPTER
593
18-
1
INTRODUCTION
593
18-2
TYPES
OF
LOANS
GRANTED
TO
INDIVIDUALS
AND
FAMILIES
594
RESIDENTIAL
LOANS
594
NONRESIDENTIAL
LOANS
595
CREDIT
CARD
LOANS
AND
REVOLVING
CREDIT
595
NEW
CREDIT
CARD
REGULATIONS
596
NEW
CONSUMER
REGULATIONS:
DODD-FRANK,
CARD
ACT,
AND
THE
NEW
CONSUMER
PROTECTION
BUREAU
597
DEBIT
CARDS:
A
PARTIAL
SUBSTITUTE
FOR
CREDIT
CARDS
I
598
RAPID
CONSUMER
LOAN
GROWTH:
RISING
DEBT-TO-I
NCOME
RATIOS
598
18-3
CHARACTERISTICS
OF
CONSUMER
LOANS
599
18-4
EVALUATING
A
CONSUMER
LOAN
APPLICATION
599
18-5
EXAMPLE
OF
A
CONSUMER
LOAN
APPLICATION
601
18-6
CREDIT
SCORING
CONSUMER
LOAN
APPLICATIONS
604
THE
FICO
SCORING
SYSTEM
607
18-7
LAWS
AND
REGULATIONS
APPLYING
TO
CONSUMER
LOANS
609
CUSTOMER
DISCLOSURE
REQUIREMENTS
609
OUTLAWING
CREDIT
DISCRIMINATION
610
PREDATORY
LENDING
AND
SUBPRIME
LOANS
611
18-8
REAL
ESTATE
LOANS
613
DIFFERENCES
BETWEEN
REAL
ESTATE
LOANS
AND
OTHER
LOANS
613
FACTORS
IN
EVALUATING
APPLICATIONS
FOR
REAL
ESTATE
LOANS
613
HOME
EQUITY
LENDING
615
THE
MOST
CONTROVERSIAL
OF
HOME
MORTGAGE
LOANS:
INTEREST-
ONLY
AND
ADJUSTABLE
MORTGAGES
AND
THE
RECENT
MORTGAGE
CRISIS
616
18-9
A
REVISED
FEDERAL
BANKRUPTCY
CODE
AS
BANKRUPTCY
FILINGS
SOAR
618
18-
10
PRICING
CONSUMER
AND
REAL
ESTATE
LOANS:
DETERMINING
THE
RATE
OF
INTEREST
AND
OTHER
LOAN
T
ERMS
620
THE
INTEREST
RATE
ATTACHED
TO
NONRESIDENTIAL
CONSUMER
LOANS
620
INTEREST
RATES
ON
HOME
MORTGAGE
LOANS
624
SUMMARY
626
KEY
TERMS
626
PROBLEMS
AND
PROJECTS
627
INTERNET
EXERCISES
630
REAL
NUMBERS
FOR
REAL
BANKS:
CONTINUING
CASE
ASSIGNMENT
FOR
CHAPTER
18
630
SELECTED
REFERENCES
631
PART
SEVEN
MANAGING
THE
FUTURE
IN
A
GLOBAL
MARKETPLACE
633
CHAPTER
19
ACQUISITIONS
AND
MERGERS
IN
FINANCIAL-
SERVICES
MANAGEMENT
633
KEY
TOPICS
IN
THIS
CHAPTER
633
19-
1
INTRODUCTION
633
19-2
MERGERS
ON
THE
RISE
634
CONTENTS
XV
19-3
THE
MOTIVES
BEHIND
THE
RAPID
GROWTH
OF
FINANCIAL-SERVICE
MERGERS
636
THE
CREDIT
CRISIS:
IMPACT
ON
MERGERS
638
19-4
SELECTING
A
SUITABLE
MERGER
PARTNER
640
19-5
THE
MERGER
AND
ACQUISITION
ROUTE
TO
GROWTH
643
19-6
METHODS
OF
CONSUMMATING
MERGER
TRANSACTIONS
645
19-7
REGULATORY
RULES
FOR
BANK
MERGERS
IN
THE
UNITED
STATES
646
JUSTICE
DEPARTMENT
GUIDELINES
647
THE
MERGER
DECISION-MAKING
PROCESS
BY
U.S.
FEDERAL
REGULATORS
649
19-8
MERGER
RULES
IN
EUROPE
AND
ASIA
650
19-9
MAKING
A
SUCCESS
OF
A
MERGER
651
19-
10
RESEARCH
FINDINGS
ON
THE
IMPACT
OF
FINANCIAL-
SERVICE
MERGERS
653
THE
FINANCIAL
AND
ECONOMIC
IMPACT
OF
ACQUISITIONS
AND
MERGERS
653
PUBLIC
BENEFITS
FROM
MERGERS
AND
ACQUISITIONS
655
SUMMARY
655
KEY
TERMS
656
PROBLEMS
AND
PROJECTS
657
INTERNET
EXERCISES
658
SELECTED
REFERENCES
658
REAL
NUMBERS
FOR
REAL
BANKS:
CONTINUING
CASE
ASSIGNMENT
FOR
CHAPTER
19
659
CHAPTER
20
INTERNATIONAL
BANKING
AND
THE
FUTURE
OF
BANKING
AND
FINANCIAL
SERVICES
661
KEY
TOPICS
IN
THIS
CHAPTER
661
20-
1
INTRODUCTION
661
20-2
TYPES
OF
INTERNATIONAL
BANKING
ORGANIZATIONS
662
20-3
REGULATION
OF
INTERNATIONAL
BANKING
665
GOALS
OF
INTERNATIONAL
BANKING
REGULATION
665
U.S.
BANKS
ACTIVITIES
ABROAD
666
EXPANSION
AND
REGULATION
OF
FOREIGN
BANK
ACTIVITY
IN
THE
UNITED
STATES
666
NEW
CAPITAL
REGULATION
FOR
MAJOR
BANKS
WORLDWIDE:
THE
PATH
FROM
BASEL
I
AND
II
TO
BASEL
III
668
20*4
SERVICES
SUPPLIED
BY
BANKS
IN
INTERNATIONAL
MARKETS
669
MAKING
FOREIGN
CURRENCIES
AVAILABLE
TO
CUSTOMERS
669
HEDGING
AGAINST
FOREIGN
CURRENCY
RISK
EXPOSURE
670
OTHER
TOOLS
FOR
REDUCING
CURRENCY
RISK
672
SUPPLYING
CUSTOMERS
WITH
SHORT-
AND
LONG-TERM
CREDIT
OR
CREDIT
GUARANTEES
674
SUPPLYING
PAYMENTS
AND
THRIFT
(SAVINGS)
INSTRUMENTS
TO
INTERNATIONAL
CUSTOMERS
675
UNDERWRITING
CUSTOMER
NOTE
AND
BOND
ISSUES
IN
THE
EUROBOND
MARKET
676
PROTECTING
CUSTOMERS
AGAINST
INTEREST
RATE
RISK
677
HELPING
CUSTOMERS
MARKET
THEIR
PRODUCTS
THROUGH
EXPORT
TRADING
COMPANIES
678
20-5
CHALLENGES
FOR
INTERNATIONAL
BANKS
IN
FOREIGN
MARKETS
678
GROWING
CUSTOMER
USE
OF
SECURITIES
MARKETS
TO
RAISE
FUNDS
IN
A
MORE
VOLATILE
AND
RISKY
WORLD
678
DEVELOPING
BETTER
METHODS
FOR
ASSESSING
RISK
IN
INTERNATIONAL
LENDING
679
ADJUSTING
TO
NEW
MARKET
OPPORTUNITIES
CREATED
BY
DEREGULATION
AND
NEW
INTERNATIONAL
AGREEMENTS
681
20-6
THE
FUTURE
OF
BANKING
AND
FINANCIAL
SERVICES
685
SUMMARY
689
KEY
TERMS
690
PROBLEMS
AND
PROJECTS
691
REAL
NUMBERS
FOR
REAL
BANKS:
CONTINUING
CASE
ASSIGNMENT
FOR
CHAPTER
20
692
INTERNET
EXERCISES
693
SELECTED
REFERENCES
693
DICTIONARY
OF
BANKING
AND
FINANCIAL-SERVICE
TERMS
695
INDEX
713
|
| any_adam_object | 1 |
| author | Rose, Peter S. 1940- Hudgins, Sylvia C. 1956- |
| author_GND | (DE-588)128709030 (DE-588)171277414 |
| author_facet | Rose, Peter S. 1940- Hudgins, Sylvia C. 1956- |
| author_role | aut aut |
| author_sort | Rose, Peter S. 1940- |
| author_variant | p s r ps psr s c h sc sch |
| building | Verbundindex |
| bvnumber | BV040411899 |
| callnumber-first | H - Social Science |
| callnumber-label | HG181 |
| callnumber-raw | HG181 |
| callnumber-search | HG181 |
| callnumber-sort | HG 3181 |
| callnumber-subject | HG - Finance |
| classification_rvk | QK 300 |
| ctrlnum | (OCoLC)796071877 (DE-599)BVBBV040411899 |
| dewey-full | 332.1068 |
| dewey-hundreds | 300 - Social sciences |
| dewey-ones | 332 - Financial economics |
| dewey-raw | 332.1068 |
| dewey-search | 332.1068 |
| dewey-sort | 3332.1068 |
| dewey-tens | 330 - Economics |
| discipline | Wirtschaftswissenschaften |
| edition | 9. ed., internat. ed. |
| format | Book |
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| geographic | USA |
| geographic_facet | USA |
| id | DE-604.BV040411899 |
| illustrated | Illustrated |
| indexdate | 2024-07-10T00:23:29Z |
| institution | BVB |
| isbn | 9780071326421 |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-025264843 |
| oclc_num | 796071877 |
| open_access_boolean | |
| owner | DE-29T |
| owner_facet | DE-29T |
| physical | XXVI, 740 S. Ill., graph. Darst. 27 cm |
| publishDate | 2013 |
| publishDateSearch | 2013 |
| publishDateSort | 2013 |
| publisher | McGraw-Hill |
| record_format | marc |
| spelling | Rose, Peter S. 1940- Verfasser (DE-588)128709030 aut Bank management and financial services Peter S. Rose ; Sylvia C. Hudgins Bank management & financial services 9. ed., internat. ed. New York, NY [u.a.] McGraw-Hill 2013 XXVI, 740 S. Ill., graph. Darst. 27 cm txt rdacontent n rdamedia nc rdacarrier Includes bibliographical references and index Financial institutions United States Bank management United States Financial services industry United States Banks and banking, International Bank (DE-588)4004436-1 gnd rswk-swf Management (DE-588)4037278-9 gnd rswk-swf Finanzdienstleistung (DE-588)4212226-0 gnd rswk-swf USA Bank (DE-588)4004436-1 s Management (DE-588)4037278-9 s Finanzdienstleistung (DE-588)4212226-0 s 1\p DE-604 Hudgins, Sylvia C. 1956- Verfasser (DE-588)171277414 aut HBZ Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=025264843&sequence=000001&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis 1\p cgwrk 20201028 DE-101 https://d-nb.info/provenance/plan#cgwrk |
| spellingShingle | Rose, Peter S. 1940- Hudgins, Sylvia C. 1956- Bank management and financial services Financial institutions United States Bank management United States Financial services industry United States Banks and banking, International Bank (DE-588)4004436-1 gnd Management (DE-588)4037278-9 gnd Finanzdienstleistung (DE-588)4212226-0 gnd |
| subject_GND | (DE-588)4004436-1 (DE-588)4037278-9 (DE-588)4212226-0 |
| title | Bank management and financial services |
| title_alt | Bank management & financial services |
| title_auth | Bank management and financial services |
| title_exact_search | Bank management and financial services |
| title_full | Bank management and financial services Peter S. Rose ; Sylvia C. Hudgins |
| title_fullStr | Bank management and financial services Peter S. Rose ; Sylvia C. Hudgins |
| title_full_unstemmed | Bank management and financial services Peter S. Rose ; Sylvia C. Hudgins |
| title_short | Bank management and financial services |
| title_sort | bank management and financial services |
| topic | Financial institutions United States Bank management United States Financial services industry United States Banks and banking, International Bank (DE-588)4004436-1 gnd Management (DE-588)4037278-9 gnd Finanzdienstleistung (DE-588)4212226-0 gnd |
| topic_facet | Financial institutions United States Bank management United States Financial services industry United States Banks and banking, International Bank Management Finanzdienstleistung USA |
| url | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=025264843&sequence=000001&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
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