Integrated Bank Analysis and Valuation - Sandy Chen

Integrated Bank Analysis and Valuation
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Autor: Sandy Chen

 Wydawnictwo: Palgrave Macmillan
ISBN: 9781137307453
EAN:
Format: ...
Oprawa: twarda
Stron: 192
Data wydania: 2013-11-01
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The financial crisis that began in 2007 exposed many flaws in modern financial practice and highlighted much need for change. Key among those needs is a way of understanding how and why banks fail or succeed. Integrated Bank Analysis and Valuation provides readers with a practical guide to the ROIC for Banks methodology - one of the few ways of both understanding what makes a bank tick and getting a fundamentally robust indication as to how much a bank is worth. It provides all the necessary tools for use in the real environment of investment banking to analyse banks results, evaluate strategic options and assess regulatory changes - with an eye towards whether a bank is creating or destroying value. Up-to-date case studies of ten of the world's largest banks show how integrated ROIC analysis and valuation works in practice, and the accompanying website features ROIC spreadsheets for each of these banks, so that each step of analysis and valuation can be explored in detail. Written by a leading banks analyst, Integrated Bank Analysis and Valuation: A Practical Guide to the ROIC Methodology translates the complexity of banks into a simpler, clearer language - that can be applied by analysts, regulators and students in practice. 'Understanding banks has never been more important - so this book could not be more timely.' - Andy Haldane, Executive Director, Financial Stability, Bank of England 'Risk and return drive banks. Customers, investors, regulators and politicians need to know both. Does their return on capital exceed their cost of capital - really? And 'how close to the wind are they sailing' to get there? Chen's ROIC achieves this clarity, and enables comparisons, in a way that more typical measures plainly miss. ROIC is a harder metric for bankers to game, so expect some objections to this.' - Alan Hughes, former CEO First Direct, General Manager HSBC 'Whilst the macro focus in banking has rightly been around capital and liquidity; you should always look for organic growth in any successful business. Understanding how a bank's performance links to its valuation is a must for investors, regulators and bankers and this book shows you how.' - Eric Leenders, Executive Director of Retail, British Bankers Association

Książka "Integrated Bank Analysis and Valuation"
Sandy Chen