Both banks still have lots of legacy assets, many of them tucked in the banking book.
BMW's ordinary shares, and big long positions in their preference shares, will hinge on whether they were kept in the trading book or the so-called banking book, where WestLB makes strategic investments.
Market sources say the managing board would most probably have been aware of banking-book positions unless compliance controls had failed.
In a brilliant, must-read book about banking, finance and economics, Allison ultimately views the problems underlying our economy as philosophical.
FORBES: Book Review: John Allison's The Financial Crisis and the Free Market Cure
In 1994 she produced (with Robert Pringle) a good book on central banking.
When he concentrates in his book on the British banking crisis, his access to those at the top and his front-line reporting illuminate his analysis.
Green came to the legal business after a career in banking, during which he wrote a book on the Sarbanes Oxley bill.
"OCBC can absorb an NPL rate of 19.6% without impairing its book value, " says Salomon banking analyst John Doyle, who also favors UOB, which boasts the lowest NPL rate - 5.1% - among the Big Four.
The book is based on my experiences in the private banking section of Union Bank of Switzerland, Reich says.
Banks with privately traded stock have a difficult time establishing that their stock is worth more than 100% of tangible book value, a commonly used accounting metric in the banking industry, he explained.
The worst mistakes of this crisis were arguably made in relatively simple areas of retail and commercial banking from the concentration of risk in the corporate-loan book of HBOS to Wachovia's kamikaze acquisition of Golden West, a Californian lender stuffed full of mortgage-shaped grenades.
This includes all my email correspondence (both gmail and corporate), all my relevant news, tracking my newsletter stocks (as well as my own personal holdings), banking, driving navigation, picturing taking, music playback, video recording, comic book reading, ebook reading, and movie watching.
Ms. Stewart, who previously held senior banking positions at Wachovia Corp. and later was chief executive of Morgan Stanley Private Bank NA, created an acquisition book that flags clients who might be in the market for additional services such as a home mortgage or student loan, as well as those who recently had a bad experience with the bank and need some extra care.
WSJ: Citibank's Overhauled Retail Strategy Shows Uneven Results
应用推荐