A strategic perspective of bank financial conglomerates in London after the Crash
Article Abstract:
The deregulation of financial markets has led to severe challenges for bank management and banking strategy. Investment banking is a sector that has experienced important and well-publicized changes. London's celebrated 'Big Bang' helped to stimulate new banking strategies that were characterized by the formation of so-called 'bank financial conglomerates'. The October 1987 stock market crash, however, has precipitated strategic and organizational crises for many of these banks active in securities business and capital market products. This article re-examines investment banking strategies in London and some of the lessons associated with the crash experiences. (Reprinted by permission of the publisher.)
Publication Name: Journal of Management Studies
Subject: Business, general
ISSN: 0022-2380
Year: 1990
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An analysis of the turnaround strategy in commercial banking
Article Abstract:
An analysis of the content of turnaround strategies in the commercial banking industry is presented. Most prior work on turnaround strategies examined durable product industries rather than service industries. Theory developed in this past work is used to predict the content of turnaround strategies in this service industry. Discriminant analysis is used to test the predictions. The turnaround prescriptions developed in the durable goods industries are found to be valid predictors in the commercial banking industry. Suggestions are made to encourage further study of applications of the strategic paradigm in service industries. (Reprinted by permission of the publisher.)
Publication Name: Journal of Management Studies
Subject: Business, general
ISSN: 0022-2380
Year: 1986
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A systems approach to bank prudential management and supervision: the utilization of feedforward control
Article Abstract:
An innovative systems approach to commercial bank 'prudential strength' (or safety) is presented which is based upon the principle of feedforward control. Traditional, feedback approaches to prudential management have by their very nature the drawback of time delays, in that they attempt to correct for events that have already occurred. Feedforward controls run contingency tests on planned bank positions, in an attempt to correct for events that have yet to occur. The feedforward approach to prudential management of banks is advocated for both individual banks and their regulatory agencies.
Publication Name: Journal of Management Studies
Subject: Business, general
ISSN: 0022-2380
Year: 1985
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