Detail Where Angels Fear to Trade; Investment Banks   Oleh:  [s.n] Jenis: Article from Bulletin/Magazine Dalam koleksi: The Economist (http://search.proquest.com/) vol. 399 no. 8733 (May 2011), page 13-16. Topik: Investment Banking; Strategic Management; Investment Policy Ketersediaan Perpustakaan Pusat (Semanggi) Nomor Panggil: EE29.66 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada     Lihat Detail Induk Isi artikel Property busts followed by financial crises are almost as old as banking itself. In this crisis, however, losses from residential property were amplified throughout the financial system largely because they had spread from the traditional banking books into the trading books of banks. Even banks that had incurred them were sometimes slow to realise just how much they had lost. If a bank could not be sure of the health of its own balance-sheet, how could it trust those of other banks? Panic spread quickly and interbank lending froze. One of the main reasons was the assumption of risk by the "prop desks" of big banks, where trades are placed not on behalf of clients but for the banks themselves. If anything about modern banking does indeed have a whiff of the casino about it, it is this. When proprietary trading works well, it can be spectacularly profitable. When things go wrong, however, the results can be devastating. European banks, for their part, are losing business to American ones because of new regulations at home. The European Commission has drafted strict new rules limiting the size and composition of bankers' bonuses. American banks are already reining back on the risk-taking parts of their business and trying to expand in areas that use less capital. Opini Anda Klik untuk menuliskan opini Anda tentang koleksi ini! Kembali

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