JPMorgan's Fall and Revival

Uncovers Morgan's transformation with detailed interviews from former senior executives

Offers an insider account of what transpired before J.P. Morgan merged with Chase

Tells the story of JPMorgan against the backdrop of a larger U.S. banking consolidation era in the 1980s and 90s

Autorentext
Nicholas P. Sargen is an international economist turned global money manager. He has been involved in international financial markets since the early 1970s, when he began his career at the U.S. Treasury and the Federal Reserve. He subsequently worked on Wall Street for 25 years, holding senior positions with Morgan Guaranty Trust, Salomon Brothers Inc., Prudential Insurance and J.P. Morgan Private Bank. In 2003 he became Chief Investment Officer for the Western & Southern Financial Group and its affiliate, Fort Washington Investment Advisors Inc., where he now serves as an economic consultant.

Sargen has written extensively on international financial markets, and he currently produces a blog on Fort Washington's website, where his views are updated. He appeared frequently on business television programs throughout his career on Wall Street, and was a regular panelist on Louis Rukeyser's Wall Street Week. He was born and raised in the San Francisco BayArea, and received a PhD in Economics from Stanford University.

Zusammenfassung

"Sargen's book is an engaging memoir, a brisk roundup of decades of banking history and a case study of management adjusting to change." (Dean Anason, American Banker, americanbanker.com, March 31, 2021)

Inhalt

Part I: Glory Days.- 1. 23 Wall Street.- 2. A Private Club.- 3. Preston in Charge.- 4. Market Shocks.- 5. Crisis Erupts.- 6. Time to Say Goodbye.- Part II: Formulating the Plan.- 7. Origins of Morgan's Transformation.- 8. Buy or Build?.- 9. Industry Shakeup.- 10. Should Morgan Rescue Citi?.- 11. Preston's Legacy.- 12. Preston Passes the Baton.- Part III: Executing the Plan.- 13. Taking Stock Plans for the Early 1990s.- 14. Risk Management and Derivatives.- 15. Strategic Challenges.- 16. A Chance Encounter.- Part IV: Playing Defense.- 17. 9W 57.- 18. Technology and the New Economy.- 19. Three Ring Circus.- 20. Market Frenzy.- 21. The Managing Directors' 2000 Convocation.- 22. Why Morgan Matters.