Pick three financial institutions, one from the US, one from the UK and one from Continental Europe.
Pick three financial institutions, one from the US, one from the UK and one from Continental Europe.
Pick three financial institutions, one from the US, one from the UK and one from Continental Europe. Download their annual reports for a pre—crisis year (i.e. before 2008). Use their balance sheets to ascertain whether these banks are best described as retail, investment or universal banks. How do the banks you have chosen vary in regard to the key concepts discussed in this chapter (refer to Chapters 5 and 6)? Your comparison should refer to:
(a) The leverage of each bank.
(b) The level of interconnectedness of each bank with governments and foreign banks.
(c) The holdings of mortgage-backed securities of each bank.
(d) The funding structure of each bank (e.g. debt vs. equity, short— vs. long-term).
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Choose three financial firms from the United States, the United Kingdom, and Continental Europe.
Choose three financial firms from the United States, the United Kingdom, and Continental Europe.
Choose three financial firms from the United States, the United Kingdom, and Continental Europe. Download their yearly reports from the year before the crisis (i.e. before 2008). Determine whether these banks are better described as retail, investment, or universal banks by looking at their balance sheets. What are the differences between the banks you choose in terms of the important ideas presented in this chapter (refer to Chapters 5 and 6)? The following should be included in your comparison:
(a) The amount of leverage each bank has.
(b) The degree to which each bank is tied with governments.
