Article

Banking an Overview

Allen N. Berger, Philip Molyneux and John O. S. Wilson

in The Oxford Handbook of Banking

Published in print January 2012 | ISBN: 9780199640935
Published online September 2012 | | DOI: http://dx.doi.org/10.1093/oxfordhb/9780199640935.013.0001

Series: Oxford Handbooks in Finance

 Banking an Overview

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This article begins with a review of the radical changes in the business of banking in recent years. It goes on to discuss the meltdown in credit markets around the globe and the resulting high profile bank bailouts. It then looks back at the situation in early 2007, when banks in the US and Europe were posting record profits, major risks appeared to have abated, and banking systems had been deregulated, allowing for more competition and innovation. This is followed by a discussion of the transformation of the banking industry.

Keywords: banking business; banking industry; credit markets; bank bailouts

Article.  14882 words. 

Subjects: Economics ; Financial Markets ; Public Economics

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