Hubris by Ray Perman

Hubris by Ray Perman

In 1995 Bank of Scotland celebrated 300 years as Britain's oldest commercial bank. Voted 'most admired bank', respected by competitors, applauded by investors and trusted by customers, it looked forward to the next three hundred. Less than 15 years later it was bust, reviled as part of the spectacular collapse of HBOS, the conglomerate it had joined. One of the high-profile victims of the credit crunch, its spectacular fall caused seismic shock waves throughout the financial world. What went wrong? Ray Perman, who has followed the Bank since the 1970s when he was a Financial Times journalist, uncovered the story from documents and dozens of interviews with people at the top in Bank of Scotland and HBOS - from being the bank of choice for the highrolling Monte Carlo mega-rich to losing GBP10 billion. It is a cautionary tale for our times. In the complex world of modern global finance, the brilliant men who ran the company ignored the simple banking rules that their predecessors learned the hard way three centuries before.

'We are indebted to Ray Perman for giving us a powerful lesson on what happens when you usurp the wisdom of a banking culture acquired over centuries for the pursuit of market share and profit at all and any cost'

* Scotsman *

'as a document of the long and short-term causes of one of British banking's lowest moments, Perman's book more than deliversIts balanced treatment of the major players involved should be required reading for anyone wondering where to position the likes of Hornby in the credit crunch Hall of Shame'

* Breaking Views *

'an engaging account of HBOS's downfall'

* Financial Times *

'[An] admirably lucid account'

* Independent on Sunday *

Ray Perman, a writer and journalist for 30 years, was chair of the James Hutton Institute and is a fellow of the Royal Society of Edinburgh, of which Hutton was a founder member. His books include The Rise and Fall of the City of Money and The Man Who Gave Away His Island.

SKU	Nicht verfügbar
ISBN 13	9781780270517
ISBN 10	1780270518
Titel	Hubris
Autor	Ray Perman
Buchzustand	Nicht verfügbar
Bindungsart	Hardback
Verlag	Birlinn General
Erscheinungsjahr	2012-09-03
Seitenanzahl	256
Hinweis auf dem Einband	Die Abbildung des Buches dient nur Illustrationszwecken, die tatsächliche Bindung, das Cover und die Auflage können sich davon unterscheiden.
Hinweis	Nicht verfügbar