How the Investment Banks Played the Free Market Game.
In today's big money game the investment banks are the masters of the universe, notching up vast profits and wielding huge global influence. But do they now have too much power?
Financial insider Philip Augar reveals the secrets of the money men: the conflicts of interest inherent in acting simultaneously for sellers, buyers and themselves; how enormous returns are concealed by dividing the spoils between shareholders and executives; how bankers have managed to switch their business risks away from themselves to their customers; and why we are paying the price.
- Publication Date:
- 03 / 07 / 2006
- 129 x 198mm