The Bank Credit Analysis Handbook: A Guide for Analysts, Bankers and Investors
From the United States S&L crisis of the '80s and the Asian banking crisis of the '90s, to the recent HSBC money laundering scandal and the LIBOR rate fixing scheme, it seems that hardly a year has gone by over the past three decades that the banking industry hasn't made sensational headlines.While the financial services industry generally, and banks in particular, continue to provide some of the most attractive investment opportunities in today's global markets, financial analysts, investment managers, and savvy investors of every stripe must be especially diligent when assessing the fitness of banking institutions. This is no easy feat, considering that the world of banking has its own conventions and arcane jargon devised, it would seem, to serve no other purpose than to confuse outsiders. It is also important to note that banks don't operate like other types of companies, and investors attempting to make sense of bank income statements and balance sheets can easily become confused, or worse, be led dangerously astray.Coauthored by a Harvard-trained attorney with years of experience at the world's leading specialist bank rating agency and a past president of Thomson BankWatch Asia,The Bank Credit Analysis Handbook, Second Editionis your hands-on guide to the theory and practice of bank credit analysis and rating.Clearly, concisely, the authors:Demystify banking terms, concepts, principles and practices for all finance professionalsWalk you, step-by-step, through the analysis of bank financial statementsProvide an abundance of charts, graphs, and spreadsheet illustrationsExplore regional variations, globally, in banking, bank analysis, and bank ratingsDescribe the roles that bank credit analysts play, as well as the methodologies they useInclude international case studies from North America, Asia, and EuropeDevote an entire chapter to bank equity analysisSupply a unique, insider's view of the credit assessment and credit rating of financial institutionsArm you with an understanding of the reality behind published financial statementsOffer coverage of the Basel Accords on Capital Adequacy and Liquidity and share their view that a bank could be compliant under those and other regulations without being creditworthy.A uniquely practical guide to bank credit analysis as it is currently practiced around the world,The Bank Credit Analysis Handbookis a must-have resource for equity analysts, credit analysts and bankers, as well as wealth managers and investors.