"This paper compares the recent global crisis and recession to earlier international financial crises and recessions. Based on existing chronologies of banking, currency and debt crises we identify clusters of crises. We use an identification of extreme events and a weighting scheme based on...

Part I: Glory Days -- 1. 23 Wall Street -- 2. A Private Club -- 3. Preston in Charge -- 4. Market Shocks -- 5. Crisis Erupts -- 6. Time to Say Goodbye -- Part II: Formulating the Plan -- 7. Origins of Morgan’s Transformation -- 8. Buy or Build? -- 9. Industry Shakeup -- 10. Should Morgan...

This book tells the untold story of how JPMorgan became a universal bank in the 1980s-1990s and the events leading to it being acquired by Chase in 2000. It depicts the challenges Morgan’s leaders – Lew Preston and Dennis Weatherstone – confronted when the firm’s business model was...