An Analysis of the New Financial Institutions: Changing Technologies, Financial Structures, Distribution Systems, and Deregulation

(Hardback)

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A comprehensive examination of the financial services industry which is must reading for anyone who needs a better understanding of the significant developments that have occured in the wake of deregulation, innovation, and technological change. Dr. Irwin L. Kellner, Chief Economist, Manufacturers Hanover Trust, New York A worthwhile addition to general collections as a sourcebook on the financial services industry. . . Business Information Alert Gart brings the reader up-to-date with the changes in regulation and deregulation, structure and restructuring, mergers and acquisitions, technology, distribution systems, sources and uses of funds, strategies, and the profitability of the institutions that are the dominant players within the financial services industry. This volume provides the latest management thinking about asset and liability management, the apparent consolidation of the financial services industry, the latest marketing approaches and technological capabilities, and offers guidance on managing a financial institution through a changing environment and regulatory maze. Institutions that survive and prosper will require superior skills in marketing, information systems, and planning and strategic implementation. Choosing the right tarket segments, the proper products and services, and understanding the most important leverage points in the management of technology and operations will all be part of the basic survival kit along with more efficient distribution systems. This new handbook and guide to the contemporary U.S. financial services industry is must reading for industry professioonals and an essential resource for the public they serve. Individual chapters describe how the financial services industry developed, where it is today, and what it will be like in the next decade. In addition, the book describes the nature of the competition, the evolution of new products and services, and the impact of deregulation on each segment of the financial services industry. These segments include: commercial banking, international banking, savings and loans, savings banks, credit unions, life insurance companies, property-casualty companies, pension funds, finance companies, leasing companies, investment banking, brokerage firms, investment companies, and money market funds.

Reviews

An examination of the newest developments in the area of financial services and institutions. The innovations that Gart probes can be broadly classified as changing organizational structures, new distribution systems, advanced technologies, and government deregulation. Obviously these factors will have a differing impact depending upon the nature of the institution. Consequently, Gart studies virtually all of them. Savings and loans, credit unions, investment companies, pension plans, life like insurance and companies, commercial banks, and investment bankers are all included in his analysis. . . . Gart does provide valuable background information for each institution as well as a critical analysis of the most recent developments. A useful bibliography arranged by institutional type suggests further reading. This work is intended to be a handbook for managers facing a dynamic and uncertain environment. Gart tries to provide them with the strategies, institutional detail, and analysis of those factors that affect their business operations on a continual basis. This book should prove useful for practicing managers as well as students of business management and administration. A worthwhile acquisition for both corporate libraries and libraries of larger universities.-Choice
Describes the current state of financial institutions and discusses changes in regulation, mergers and acquisitions, technology, distribution systems, strategies, and profitability. Analyzes the consolidation of the financial services industry and gives advice for managing financial institutions in a changing environment. Includes discussions of commercial banking, international banking, savings and loans, savings banks, credit unions, insurance companies, and money market funds. Gart is a professor of finance at Lehman College of the City University of New York and a visiting professor at Columbia University's Graduate School of Business.-Economic Books Current Selections
"Describes the current state of financial institutions and discusses changes in regulation, mergers and acquisitions, technology, distribution systems, strategies, and profitability. Analyzes the consolidation of the financial services industry and gives advice for managing financial institutions in a changing environment. Includes discussions of commercial banking, international banking, savings and loans, savings banks, credit unions, insurance companies, and money market funds. Gart is a professor of finance at Lehman College of the City University of New York and a visiting professor at Columbia University's Graduate School of Business."-Economic Books Current Selections
"An examination of the newest developments in the area of financial services and institutions. The innovations that Gart probes can be broadly classified as changing organizational structures, new distribution systems, advanced technologies, and government deregulation. Obviously these factors will have a differing impact depending upon the nature of the institution. Consequently, Gart studies virtually all of them. Savings and loans, credit unions, investment companies, pension plans, life like insurance and companies, commercial banks, and investment bankers are all included in his analysis. . . . Gart does provide valuable background information for each institution as well as a critical analysis of the most recent developments. A useful bibliography arranged by institutional type suggests further reading. This work is intended to be a handbook for managers facing a dynamic and uncertain environment. Gart tries to provide them with the strategies, institutional detail, and analysis of those factors that affect their business operations on a continual basis. This book should prove useful for practicing managers as well as students of business management and administration. A worthwhile acquisition for both corporate libraries and libraries of larger universities."-Choice

Author Bio

ALAN GART is Professor of Finance at Lehman College of the City University of New York and Visiting Professor at Columbia University's Graduate School of Business. Previously, he was Senior Vice President and Chief Investent Officer at CIGNA/INA Corporation. His works include Handbook of the Money and Capital Markets (Quorum, 1988), An Insider's Guide to the Fianncial Services Revolution, and Banks, Thrifts and Insurance Companies: Survival in the 1980s.