search query: @author Ferry, J. / total: 19
reference: 14 / 19
| Author: | Blackhurst, C. Ferry, J. |
| Title: | The city sobers up. |
| Journal: | Business
1988 : NOV, p. 88-95 |
| Index terms: | STOCK MARKETS CRISES |
| Language: | eng |
| Abstract: | Review of the City of London two years after the Big Bang. Too many firms chasing too little business. The flaws in strategy. Lloyds Bank withdrawal from the gilts market and Eurobonds. How the three major clearing banks have lost money. Absence of management control and systems. Changes in management and lay-offs of staff. How merchant banks that did not act as brokers in takeovers have done well. The role of corporate finance. The fierce competition in merchant banking. Stock broking as a high-cost, high-risk business. The culture of the three major broking houses and the inevitability of contraction. A chart illustrates key events over the two years. |
SCIMA