Record Details


Field	Value

Title	Lessons from the 2008-2009 US Banking Crisis

Creator	Hatten, Kenneth J. James, William L. Keeler, James P. Fink, Robert C.

Description	More than 70 per cent of the largest 1,200 US banks of 2011 avoided annual losses in 2008 or 2009 largely because their operations were controlled. Bankers, faced with unexpected reverses, worked to reestablish control and profitability. Our examination of banking’s record leading up to the 2008-2009 financial crisis indicates there were several abnormal changes bankers might have observed between 2005 and 2007 to put their organizations on alert. Such alerts before the crisis could have helped some banks minimize their losses or even avoid them. Looking ahead, bankers who apply the lessons identified, herein, should report more stable profitability during the volatile phases of future business cycles. Analysts and regulators alike should be able to use these same lessons to sort resilient banks from the rest.

Publisher	North American Business Press

Date	2018-07-01

Type	info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion

Format	application/pdf

Identifier	https://articlegateway.com/index.php/JABE/article/view/327 10.33423/jabe.v20i2.327

Source	Journal of Applied Business and Economics; Vol 20 No 2 (2018) 1499-691X 10.33423/jabe.v20i2

Language	eng

Relation	https://articlegateway.com/index.php/JABE/article/view/327/288

Rights	Copyright (c) 2018 Journal of Applied Business and Economics

Since 2014