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J.P. Morgan & Co. and the crisis of capitalism : from the Wall Street crash to World War II
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ISBN: 110865360X 1316998851 1108663567 Year: 2022 Publisher: Cambridge : Cambridge University Press,

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During the interwar period, J.P. Morgan was the most important bank in the world and at the crossroads of US politics, international relations and finance. In J.P. Morgan & Co. and the Crisis of Capitalism, Martin Horn brings us the first in-depth history of how J.P. Morgan responded to the greatest crisis in the history of financial capitalism, shedding new light on the Great Depression, the New Deal, and the coming of World War II. Horn shows how J.P. Morgan & Co as a business responded to the 1929 Crash and the Depression, including its part in the New York Stock Exchange Crash, arguing that the Morgan partners misread the seriousness of the crash. He also offers new insights into the interactions of politics and finance, exploring J.P. Morgan's relationship with the Hoover administration and the bank's clash with Roosevelt over New Deal legislation.


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Gentlemen Bankers
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ISBN: 0674073037 0674075579 9780674075573 9780674073036 Year: 2013 Publisher: Cambridge, MA

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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.


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JPMorgan's fall and revival : how the wave of consolidation changed America's premier bank
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ISBN: 303047058X 3030470571 Year: 2020 Publisher: Cham, Switzerland : Palgrave Macmillan,

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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.

The Morgans : private international bankers 1854 - 1913.
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ISBN: 0674587294 Year: 1987 Volume: 38 Publisher: Cambridge Harvard university

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Keywords

Private finance --- History of Africa --- Morgan [Family] --- anno 1800-1999 --- Bankers --- Banks and banking, International --- Banquiers --- Banques internationales --- Biography --- History --- Biographie --- Histoire --- Morgan, Junius Spencer, --- Morgan, John Pierpont, --- J.P. Morgan & Co --- AA / International- internationaal --- GB / United Kingdom - Verenigd Koninkrijk - Royaume Uni --- US / United States of America - USA - Verenigde Staten - Etats Unis --- 331.155 --- 331.227 --- 331.12 --- 331.161.0 --- 331.162.22 --- 331.162.4 --- 331.18 --- Geldwezen in de XIXe eeuw tot 1914. --- Geschiedenis van de bankiers en handelaars en industriëlen. --- Geschiedenis van de industrie. --- Geschiedenis van de overheidsfinanciën: agemeenheden. --- Geschiedenis van de private banken. --- Geschiedenis van het krediet. --- Geschiedenis van het vervoerwezen en van de telecommunicatie. --- Morgan, J. Pierpont --- International banking --- Offshore banking (Finance) --- Transnational banking --- Financial institutions, International --- International finance --- Bank officers --- Capitalists and financiers --- Geschiedenis van de industrie --- Geldwezen in de XIXe eeuw tot 1914 --- Geschiedenis van de overheidsfinanciën: agemeenheden --- Geschiedenis van de private banken --- Geschiedenis van het krediet --- Geschiedenis van het vervoerwezen en van de telecommunicatie --- Geschiedenis van de bankiers en handelaars en industriëlen --- 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.

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