LEADER 00000nim a22005055a 4500 003 MWT 005 20201208051030.1 006 m o h 007 sz zunnnnnuned 007 cr nnannnuuuua 008 201204s2020 xxunnn es i n eng d 020 9781663709950 (sound recording : hoopla Audio Book) 020 1663709955 (sound recording : hoopla Audio Book) 029 https://d2snwnmzyr8jue.cloudfront.net/ gil_9781663709950_180.jpeg 028 42 MWT13463658 037 13463658|bMidwest Tape, LLC|nhttp://www.midwesttapes.com 040 Midwest|erda 082 04 332.660973|223 099 eAudiobook hoopla 099 eAudiobook hoopla 100 1 Sargen, Nicholas Peter,|d1944-|eauthor. 245 10 JPMorgan's fall and revival :|bhow the wave of consolidation changed America's premier bank|h[Hoopla electronic resource] /|cNicholas P. Sargen. 250 Unabridged. 264 1 [United States] :|bGildan Media,|c2020. 264 2 |bMade available through hoopla 300 1 online resource (1 audio file (10hr., 30 min.)) : |bdigital. 336 spoken word|bspw|2rdacontent 337 computer|bc|2rdamedia 338 online resource|bcr|2rdacarrier 344 digital|hdigital recording|2rda 347 data file|2rda 506 Digital content provided by hoopla. 511 1 Read by Steve Menasche. 520 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 disrupted by the developing country debt crisis, up to its current management with Jamie Dimon. This first-hand account explores whether Morgan could have stayed independent had its leaders pursued the strategic plan that called for it to make targeted acquisitions in areas where it had well-established businesses. Instead, in the mid-1990s, it went from being the hunter to the hunted. Rival banks that had been burdened by bad loans to developing countries and commercial real estate capitalized on rising share prices during the tech boom to acquire other institutions. Meanwhile, Morgan's profits and share price lagged, which left it vulnerable. During this time, all of the leading financial institutions struggled to change their business models. In the end, no US money center bank was able to become a universal bank on its own. What ensued was a growing concentration of financial assets in a handful of institutions that was the precursor to the 2008 financial crisis, which is explored further using Morgan as a lens, in this must-listen book. 538 Mode of access: World Wide Web. 600 10 Preston, Lewis T. 600 10 Weatherstone, Dennis. 610 20 J.P. Morgan & Co|xHistory. 650 0 Banks and banking|zUnited States|xHistory|y20th century. 650 0 Investment banking|zUnited States|xHistory|y20th century. 650 0 Financial crises|zUnited States. 700 1 Menasche, Steve. 710 2 hoopla digital. 856 40 |uhttps://www.hoopladigital.com/title/ 13463658?utm_source=MARC|zInstantly available on hoopla. 856 42 |zCover image|uhttps://d2snwnmzyr8jue.cloudfront.net/ gil_9781663709950_180.jpeg