In The City

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IN THE CITY BY BRIAN WIDLAKE
Revolutions are never comfortable, especially for those who have been cocooned in centuries of tradition. Virtually overnight the City of London's institutions - whether they are brokers, bankers, jobbers or discount houses -have had to enter a new and uncertain world where historic conventions have been torn down and replaced by new market forces.
The 'Big Bang' scheduled for October 1986, will alterthe Stock Exchange out of all recognition. It will change people's outlook as they meet the challenge of competition from America and Japan, and the big players in the global markets. Some will lose, some will win, as the big conglomerates meet head-on in a bold attempt to re-establish the City of London as the world's major financial centre.
IN THE C/rVexplores these dramatic new changes which will have profound implications for everyone who buys financial services, however simple or sophisticated. The book takes the general reader into all the City's... Tovább

Fülszöveg

IN THE CITY BY BRIAN WIDLAKE
Revolutions are never comfortable, especially for those who have been cocooned in centuries of tradition. Virtually overnight the City of London's institutions - whether they are brokers, bankers, jobbers or discount houses -have had to enter a new and uncertain world where historic conventions have been torn down and replaced by new market forces.
The 'Big Bang' scheduled for October 1986, will alterthe Stock Exchange out of all recognition. It will change people's outlook as they meet the challenge of competition from America and Japan, and the big players in the global markets. Some will lose, some will win, as the big conglomerates meet head-on in a bold attempt to re-establish the City of London as the world's major financial centre.
IN THE C/rVexplores these dramatic new changes which will have profound implications for everyone who buys financial services, however simple or sophisticated. The book takes the general reader into all the City's main markets, from Lloyd's of London to the Baltic Exchange, explains how they work and the ways in which they have developed.
Change is often prompted by events: in the past year, the Johnson Matthey banking crash has led to a reform of banking supervision. The tin crisis in 1985 almost broke the London Metal Exchange, which consequently had to revise its dealing rules. Fraud, too, is always with us: investors have been deprived of millions but the law has proven to be fragile. IN THEC/T"/reveals the fascinating world of men, money and markets. Vissza