IDEAS home Printed from https://ideas.repec.org/h/spr/sprchp/978-3-030-47058-6_19.html
   My bibliography  Save this book chapter

Three Ring Circus

In: JPMorgan’s Fall and Revival

Author

Listed:
  • Nicholas P. Sargen

    (Nicholas Sargen Advisory LLC)

Abstract

The stock market surge continued in 1997, but optimism within the Private Bank faded amid an exodus of MBAs who had been recruited from leading business schools. More surprising were announcements that John Olds and Susan Bell would retire, which caused many to wonder if they had been unable to convince Sandy Warner of the Private Bank’s potential. Meanwhile, the stock market shrugged off the financial crisis that spread from Thailand to other Asian countries in the second half of 1997. These developments occurred as the wave of consolidations in financial services continued unabated that culminated in the merger between Citibank and Travelers Group in 1998, which preceded the repeal of Glass-Steagall a year later. The year ended with Long Term Capital Management having to be bailed out by a consortium of banks and the Fed easing monetary policy.

Suggested Citation

  • Nicholas P. Sargen, 2020. "Three Ring Circus," Springer Books, in: JPMorgan’s Fall and Revival, chapter 19, pages 189-198, Springer.
    • Handle: RePEc:spr:sprchp:978-3-030-47058-6_19
    DOI: 10.1007/978-3-030-47058-6_19
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:sprchp:978-3-030-47058-6_19. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.