Absent Management in Banking (eBook)

Acknowledgements 5
Contents 6
Chapter 1: Introduction: Not Managed at All—How the Idea for This Book Occurred and What It Is About 8
References 20
Chapter 2: The Medici and Renaissance Complexity: How the Challenges of Renaissance Banking Finally Defeated the First Multinational Bank 21
Reference 38
Chapter 3: Rothschild, the Largest Bank in the World: How Multinational Family Ownership Overcame Nearly All Management Complexities When Others Failed 39
References 55
Chapter 4: Less Regulation Means Greater Complexity: How Looser Bank Regulation Allowed Faster Growth, Greater Complexity and Contributed to Absent Management in Banking 56
References 77
Chapter 5: Complexity from Growth: Territory and Size—How Absent Management Occurred Through Growth by State, Country and Sheer Size 79
References 97
Chapter 6: Complexity from Growth in Lines of Business: How Absent Management Occurred When Different Types of Banking Were Merged 99
References 119
Chapter 7: The Absence of Incentives to Manage: How the Wrong Incentives Resulted in Absent Management 121
References 136
Chapter 8: Producer Managers: How Continued Focus on Banking Resulted in Absent Management 137
References 154
Chapter 9: Bank Failures Cause Crisis: How Absent Management in Banks Can Cause a Crisis 155
References 177
Chapter 10: Bank Failure: Triggering Crisis—How Absent Management in Banks Triggered the 2008 Financial Crisis 180
References 202
Chapter 11: Bank Failures Cause a Global Crisis: How the Complexities of United States Mortgage Securities Devastated Banks and Made the Banking Crises Global 203
References 226
Chapter 12: The Cost of Financial Crisis: How Absent Management in Banking Became Costly 228
References 244
Chapter 13: What Has Changed: How Little Has Changed in Terms of Complexity, Producer Managers and Absent Management in Banking 245
References 266
Chapter 14: Conclusion 270
References 284
Index 286