National Book Award winner Ron Chernow expertly traces the decline of the big bankers and the rise of small investors.
The reader is taken on a fascinating tour of Anglo-American high finance over the past two centuries, with detours into Canadian, German and Japanese finance. As the point of departure for his colourful, panoramic survey, Mr. Chernow poses a historic riddle: Why did the great financial dynasties - the Rothschilds, Barings, Morgans and Warburgs - flare so brilliantly in the 19th and 20th centuries and then enter into a precipitous decline? Why did such heavyweights give way to more anonymous financial conglomerates? And, most curious of all, why have small investors, banded together in mutual funds, suddenly
inherited the financial earth?
The Death of the Banker shows how American reformers mounted a spirited campaign to pry captive companies loose from their traditional bankers and restored competition to financial markets. In a world criss-crossed by capital flows, the banker will never again exercise such spectacular but arbitrary rule over clients.
- ISBN10 0679308598
- ISBN13 9780679308591
- Publish Date 25 March 1997
- Publish Status Out of Stock
- Publish Country IN
- Imprint Random House USA Inc
- Format Paperback (US Trade)
- Pages 160
- Language English
- URL https://penguinrandomhouse.ca/books/isbn/9780679308591