Book Cover
E-book
Author Peachey, Alan N.

Title Great financial disasters of our time / Alan N. Peachey
Edition 3., überarbeitete Aufl
Published Mortsel : Intersentia, ©2011

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Description 1 online resource (679 pages) : illustrations
Series Neue Betriebswirtschaftliche Studienbücher ; v. 21
Neue betriebswirtschaftliche Studienbücher.
Contents Foreword; Contents; Preface; Introduction; Advances; Loans to Directors; Subprime Advances; Auditors -- Advice Ignored; Auditors -- Failing in Duties; Back Office; Confirmations- Checking of; Confirmation Exercises -- Bien Trouvés; Operational Risk; Reconciliation Problems; Settlement Risk; Bankers' Bonuses; Banking Confidence -- Loss of; The Big Six; Allied Irish Banks; Comparisons between Allfirst and Barings, Singapore.; Baring Brothers & Co. Ltd.; How did Barings collapse quite so quickly?; Bernard L. Madoff; Warning Signs; The Losers; Role of the Regulators; Modus Operandi; Reputational Risk
Mr. Madoff's BankersAftermath; Phoenix from the Ashes; China Aviation Oil, Singapore; National Australia Bank; Conclusions; Société Générale; Comparison between SocGen and Barings Singapore; Conclusions; The Big Six -- Overall Conclusions; Building Societies in the United Kingdom; Abbey National; Alliance & Leicester; Barnsley Building Society; Beverley Building Society; Bradford & Bingley; Chelsea Building Society; Cheshire Building Society; Derbyshire Building Society; Dunfermline Building Society; Northern Rock; Presbyterian Mutual Society; West Bromwich Building Society
Building Societies and Icelandic BanksFuture prospects for the building societies.; Causes Célèbres; Anglo Irish Bank; American Savings & Loan Associations; Argentina; Bank of Credit and Commerce International (BCCI); China (People's Republic of); Citigroup; Enron Corporation; Farepak; General Motors; Halifax Bank of Scotland (HBOS); Independent Insurance Company; Indian Securities Scandal; Kuwait Stock Exchange; Lehman Brothers; Aftermath; Marconi PLC; Parmalat; Refco / Bawag; The collapse of Refco; The Bawag connection and its aftermath; The Bawag Saga; Republic National Bank of New York
Russian ProblemsSalomon Brothers; Satyam Computer Services; Sumitomo Corporation -- Copper Trading; WorldCom; Comfort Letters; Counterparty Risk; Dealers' Losses; Losses Resulting from Mispricing of Dealers' Positions; Unauthorised Trading; Derivatives -- General; Credit Derivatives; Credit Default Swaps; Direct Dealer Input and "Fat Finger" Syndrome; Due Diligence in Takeovers; Electronic Mail -- Email; Euro Problems; Financial Advisers; Financial Regulators; Foreign Adventures; Foreign Exchange Open Positions; Fraud; Advance Fee Fraud; Back Office Fraud; Cheque Fraud; Data & Identity Theft
ForgeryFraud -- General; Fraud on Investors; Internet Bank Fraud; Leasing Fraud; Letters of Credit Fraud; Ponzi Schemes; Prime Bank Instruments; Property Fraud; Pyramid Schemes; Fraud -- Staff Collusion; Fraud -- Staff Defalcations; Senior Management Fraud; "Queen Bee" Syndrome; German Landesbanken; General; Bankgesellschaft Berlin (BgB); BayernLB (BLB); HSH Nordbank (HSH); Landesbank Baden-Württemberg (LBBW); Norddeutsche Landesbank (Nord LB); Landesbank Sachsen (Sachsen LB); WestLB; Hedge Funds; Historic Rate Rollovers; Icelandic Banks; Warning signals
Ignoring / Forgetting What One Already Knows -- i. e. Ignoringthe lessons of the past
Summary Great financial disasters are not a new phenomenon. Probably the first well documented financial disaster was the so-called Tulipmania in the Netherlands in the 1630s, some 300 years before the Wall Street crash. At the end of the twentieth century a similar phenomenon occurred. This time it has taken the form of shares in companies trading on the Internet (i.e. new technology), the so-called dotcom companies. These events had one thing in common; they were spawned by the new technology of the time and fed by that one great human failing - the triumph of hope over reality, which some people wo
Notes Includes index
English
Subject Financial crises
Business cycles
BUSINESS & ECONOMICS -- Finance.
Business cycles
Financial crises
Form Electronic book
LC no. 2011410543
ISBN 9783830526513
3830526512