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Gentlemen Bankers investigates the social and economic circles of one of America's most renowned and influential financiers to uncover how the Morgan family's power and prestige stemmed from its unique position within a network of local and international relationships. At the turn of the twentieth century, private banking was a personal enterprise in which business relationships were a statement of identity and reputation. In an era when ethnic and religious differences were pronounced and anti-Semitism was prevalent, Anglo-American and German-Jewish elite bankers lived in their respective cordoned communities, seldom interacting with one another outside the business realm. Ironically, the tacit agreement to maintain separate social spheres made it easier to cooperate in purely financial matters on Wall Street. But as Susie Pak demonstrates, the Morgans' exceptional relationship with the German-Jewish investment bank Kuhn, Loeb & Co., their strongest competitor and also an important collaborator, was entangled in ways that went far beyond the pursuit of mutual profitability. Delving into the archives of many Morgan partners and legacies, Gentlemen Bankers draws on never-before published letters and testimony to tell a closely focused story of how economic and political interests intersected with personal rivalries and friendships among the Wall Street aristocracy during the first half of the twentieth century.
Bankers --- Banks and banking --- History. --- Morgan, J. Pierpont --- Morgan, John Pierpont, --- Morgan, Pierpont, --- Morgan, J. P. --- J.P. Morgan & Co. --- Morgan (J. P.) and Company --- J.P. Morgan and Co. --- JP Morgan (Firm) --- J.P. Morgan (Firm) --- JPMorgan (Firm) --- Morgan & Co. --- Drexel, Morgan & Co. --- Guaranty Trust Company of New York --- Morgan Guaranty Trust Company of New York --- J.P. Morgan Chase & Co. --- History --- J.P. Morgan & Co --- E-books --- 331.162.22 --- 331.19 --- US / United States of America - USA - Verenigde Staten - Etats Unis --- Geschiedenis van de private banken --- Geschiedkundige en andere inlichtingen over industriële, financiële en handelsondernemingen
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Investment banking --- Banks and banking, Investment --- Investment banks --- Financial institutions --- Securities --- Vocational guidance. --- J.P. Morgan & Co. --- Morgan (J. P.) and Company --- J.P. Morgan and Co. --- JP Morgan (Firm) --- J.P. Morgan (Firm) --- JPMorgan (Firm) --- Morgan & Co. --- Drexel, Morgan & Co. --- Guaranty Trust Company of New York --- Morgan Guaranty Trust Company of New York --- J.P. Morgan Chase & Co. --- Job hunting --- Hunting, Job --- Job searching --- Employment agencies --- Vocational guidance --- E-books
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This book tells the untold story of how JPMorgan became a universal bank in the 1980s-1990s and the events leading to it being acquired by Chase in 2000. It depicts the challenges Morgan’s leaders – Lew Preston and Dennis Weatherstone – confronted when the firm’s business model was disrupted by the developing country debt crisis and premier corporate borrowers increasingly accessing capital markets, up to its current management with Jamie Dimon. It depicts what happened to Morgan in the larger story of U.S. banking consolidation. As Morgan sought to re-enter the world of securities and navigate around Glass-Steagall barriers, their overriding goal was to ensure it would remain a pre-eminent wholesale bank serving multinational corporations. Opportunities to grow through acquisition were presented and considered, including purchasing a stake in Citibank in the early 1990s. However, Preston and Weatherstone were reluctant to integrate areas unfamiliar to Morgan such as retail banking or to assimilate cultures that were disparate from the firm’s. This first-hand account explores whether Morgan could have stayed independent had its leaders pursued the strategic plan that called for it to make targeted acquisitions in areas where it had well-established businesses. Instead, in the mid-1990s, it went from being the hunter to the hunted. Rival banks that had been burdened by bad loans to developing countries and commercial real estate capitalized on rising share prices during the tech boom to acquire other institutions. Meanwhile, Morgan’s profits and share price lagged, which left it vulnerable. During this time, all of the leading financial institutions struggled to change their business models. In the end, no U.S. money center bank was able to become a universal bank on its own. What ensued was a growing concentration of financial assets in a handful of institutions that was the precursor to the 2008 financial crisis, which is explored further using Morgan as a lens, in a book that is sure to interest banking and Wall Street professionals and business readers alike.
Capital market. --- Preston, Lewis T. --- Weatherstone, Dennis. --- J.P. Morgan & Co --- History. --- Capital markets --- Market, Capital --- Finance --- Financial institutions --- Loans --- Money market --- Securities --- Crowding out (Economics) --- Efficient market theory --- Finance—History. --- Bank marketing. --- Management. --- Financial History. --- Financial Services. --- Capital Markets. --- Banks and banking --- Marketing of bank services --- Marketing of banking services --- Marketing --- Administration --- Industrial relations --- Organization --- Banks and banking. --- J.P. Morgan & Co. --- Agricultural banks --- Banking --- Banking industry --- Commercial banks --- Depository institutions --- Money --- Morgan (J. P.) and Company --- J.P. Morgan and Co. --- JP Morgan (Firm) --- J.P. Morgan (Firm) --- JPMorgan (Firm) --- Morgan & Co. --- Drexel, Morgan & Co. --- Guaranty Trust Company of New York --- Morgan Guaranty Trust Company of New York --- J.P. Morgan Chase & Co.
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Vanderbilt, Hill, Morgan, and Harriman were America's industrial princes, planning to link American railroads and a shipping cartel with a railroad line through China and Russia, then into Europe, and create: the Transportation Kings. Poised for great accomplishment, their story ends in the sinking of the Titanic and bitter failure.
Merchant marine --- Capitalists and financiers --- Business & Economics --- Transportation Economics --- History --- Transportation. --- Disasters. --- Morgan, J. Pierpont --- Titanic (Steamship) --- Calamities --- Catastrophes --- Public transportation --- Transport --- Transportation --- Transportation, Primitive --- Transportation companies --- Transportation industry --- Economic aspects --- Morgan, John Pierpont, --- Morgan, Pierpont, --- Morgan, J. P. --- RMS Titanic --- R.M.S. Titanic --- Титаник (Steamship) --- تيتانيك (Steamship) --- Titanik (Steamship) --- Taytānīk (Steamship) --- טיטניק (Steamship) --- RMS 타이타닉 --- RMS Tʻaitʻanik --- 타이타닉 (Steamship) --- Tʻaitʻanik (Steamship) --- טיטאניק (Steamship) --- Curiosities and wonders --- Accidents --- Hazardous geographic environments --- Locomotion --- Commerce --- Communication and traffic --- Storage and moving trade --- 1800 - 1999 --- United States. --- AB --- ABSh --- Ameerika Ühendriigid --- America (Republic) --- Amerika Birlăshmish Shtatlary --- Amerika Birlăşmi Ştatları --- Amerika Birlăşmiş Ştatları --- Amerika ka Kelenyalen Jamanaw --- Amerika Qūrama Shtattary --- Amerika Qŭshma Shtatlari --- Amerika Qushma Shtattary --- Amerika (Republic) --- Amerikai Egyesült Államok --- Amerikanʹ Veĭtʹsėndi͡avks Shtattn --- Amerikări Pĕrleshu̇llĕ Shtatsem --- Amerikas Forenede Stater --- Amerikayi Miatsʻyal Nahangner --- Ameriketako Estatu Batuak --- Amirika Carékat --- AQSh --- Ar. ha-B. --- Arhab --- Artsot ha-Berit --- Artzois Ha'bris --- Bí-kok --- Ē.P.A. --- EE.UU. --- Egyesült Államok --- ĒPA --- Estados Unidos --- Estados Unidos da América do Norte --- Estados Unidos de América --- Estaos Xuníos --- Estaos Xuníos d'América --- Estatos Unitos --- Estatos Unitos d'America --- Estats Units d'Amèrica --- Ètats-Unis d'Amèrica --- États-Unis d'Amérique --- Fareyniḳṭe Shṭaṭn --- Feriene Steaten --- Feriene Steaten fan Amearika --- Forente stater --- FS --- Hēnomenai Politeiai Amerikēs --- Hēnōmenes Politeies tēs Amerikēs --- Hiwsisayin Amerikayi Miatsʻeal Tērutʻiwnkʻ --- Istadus Unidus --- Jungtinės Amerikos valstybės --- Mei guo --- Mei-kuo --- Meiguo --- Mî-koet --- Miatsʻyal Nahangner --- Miguk --- Na Stàitean Aonaichte --- NSA --- S.U.A. --- SAD --- Saharat ʻAmērik --- SASht --- Severo-Amerikanskie Shtaty --- Severo-Amerikanskie Soedinennye Shtaty --- Si͡evero-Amerikanskīe Soedinennye Shtaty --- Sjedinjene Američke Države --- Soedinennye Shtaty Ameriki --- Soedinennye Shtaty Severnoĭ Ameriki --- Soedinennye Shtaty Si͡evernoĭ Ameriki --- Spojené obce severoamerick --- Spojené staty americk --- SShA --- Stadoù-Unanet Amerika --- Stáit Aontaithe Mheirice --- Stany Zjednoczone --- Stati Uniti --- Stati Uniti d'America --- Stâts Unîts --- Stâts Unîts di Americhe --- Steatyn Unnaneysit --- Steatyn Unnaneysit America --- SUA --- Sŭedineni amerikanski shtati --- Sŭedinenite shtati --- Tetã peteĩ reko Amérikagua --- U.S. --- U.S.A. --- United States of America --- Unol Daleithiau --- Unol Daleithiau America --- Unuiĝintaj Ŝtatoj de Ameriko --- US --- USA --- Usono --- Vaeinigte Staatn --- Vaeinigte Staatn vo Amerika --- Vereinigte Staaten --- Vereinigte Staaten von Amerika --- Verenigde State van Amerika --- Verenigde Staten --- VS --- VSA --- Wááshindoon Bikéyah Ałhidadiidzooígí --- Wilāyāt al-Muttaḥidah --- Wilāyāt al-Muttaḥidah al-Amirīkīyah --- Wilāyāt al-Muttaḥidah al-Amrīkīyah --- Yhdysvallat --- Yunaeted Stet --- Yunaeted Stet blong Amerika --- ZDA --- Združene države Amerike --- Zʹi͡ednani Derz͡havy Ameryky --- Zjadnośone staty Ameriki --- Zluchanyi͡a Shtaty Ameryki --- Zlucheni Derz͡havy --- ZSA --- ABŞ --- Amerikanʹ Veĭtʹsėndi͡avks Shtattnė --- É.-U. --- ÉU --- Saharat ʻAmērikā --- Spojené obce severoamerické --- Spojené staty americké --- Stáit Aontaithe Mheiriceá --- Wááshindoon Bikéyah Ałhidadiidzooígíí
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