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| Author: | Williams, C. |
| Title: | The bigger they are, the harder they fall. |
| Journal: | Banker
1988 : JAN, VOL. 138:743, p. 65-67, 70 |
| Index terms: | INVESTMENT BANKS USA ECONOMIC CRISIS LOSS |
| Language: | eng |
| Abstract: | A post-crash analysis of U.S. investment banks after the losses in high risk business. Attitude of investment houses and possible organisational changes. The adoption of equity risk-arbitrage positions. Staff dismissals to cut costs and post-crash financing. Bridging loans and equity stakes. Prospects of buy-outs and cheap stocks. The vulnerability of the U.S. banking industry and forecast of more cutbacks. A separate box covers a stockbroking merger that creates a new giant. |
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