Top 6 Best Banking Books

Top Best Banking Books – The Banking Industry is the backbone of the financial market with every economy. We completely understand the confusion of the banking operations and their money managing strategies that have been playing on the minds of our readers and this has motivated us to bring together a list of books related to global banking. Our list of best banking books is not only for bankers or prospect bankers it is for all those who really want to know more about this industry and how has it become the backbone.

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You can clear all your confusions by taking a quick look at the list below.

#1 – The House of Morgan

An American Banking Dynasty and the Rise of Modern Finance

Book Name & Author

The House of Morgan: An American Banking Dynasty and the Rise of Modern Finance —by— Ron Chernow

 

Banking Book Introduction 

This top banking book is related to the most aspiring history of the American finance which had been considered as a disaster about 20 years or two decades back and is not considered as a classic example for the rest of the globe. Starting from J.P. Morgan and covering the financial crises of the year 1987. This book as been rewarded as a masterpiece of the financial history by the national book awards of the 20^th century as The 100 Best Nonfiction book of the 20^th by the Modern Library ‘The House of Morgan’ as it is an extraordinary institution and so are the men who ran the same. These men include Franklin Roosevelt, Charles Lindbergh, Henry Ford, Winston Churchill and Nancy Astor. The author explains the great men behind 150 years of success of this institution, its men and historical events related to the same.

Summary of this Top Banking Book

This banking book covers a fantastic history of the great men behind the successful history of J.P. Morgan as an institution. The author with the help of this book has brought together all the moments to life by creating anxiety of stress in this epic novel. He describes deeply the life of these men at the bank the institutions history along with the flow of the world finance history.

Best Takeaway from this Top Banking Book

The best take away of this banking book is the experience of the best men of the financial industry at work. Their experience includes their draw backs or failures along with their success stories. Success stories of successful individuals are great motivation. Each one of us must make them our idols to follow their footsteps.

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#2 – Fragile By Design:

The Political Origins of Banking Crises & Scarce Credit

Book Name & Author

Fragile By Design: The Political Origins of Banking Crises & Scarce Credit —by— Charles W. Calomiris, Stephen H. Haber

 

Banking Book Introduction 

The author of this best banking book has very clearly put across the reason as to why some countries have a bad and an unstable banking system however some are very stable with the same. For example The USA had 12 banking crises in the year 1840 whereas Canada was absolutely stable. However a few economies such as Brazil and Mexico have only been crises prone and increased their amounts of credits to business enterprises and households. He has very closely monitored the banking history of countries of The United States of America, United Kingdom, Brazil Mexico and Canada. He explains the difference between the accidents cause due to unforeseen circumstances and fluctuation results from complex bargain. He explains the details of a well started banking system and the control of the regulators on the same.

Summary of this Best Banking Book

Banking crises and scarce credits are not accidents caused by unforeseen circumstances and they are the after effects of various bargains between bankers, politicians, shareholders of the bank, depositors, taxpayers and debtors. A banking system can be fine only on the capability of the political institutions and to help the bankers maintain and limit the coalitions of different groups influencing the economy.

Best Takeaway from this Best Banking Book

This best banking book gives you a view on the entire financial system of an economy and how it has been dominated by various groups of people. The author in this book confirms that the banking crises are rather avoidable than manageable.

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#3 – Exile on Wall Street:

One Analyst′s Fight to Save the Big Banks from Themselves

Book Name & Author

Exile on Wall Street: One Analyst′s Fight to Save the Big Banks from Themselves —by— Mike Mayo.

 

Book Introduction 

This banking book is a must read for audiences interested in the business and finance, the future of banking, the root cause of financial meltdown and also US Capitalism. This book is an award winning book with the details of one of the biggest financial and political crises of its times. This book covers 6 financial institutions and analyzing their banks along with protesting against the same for their awful practices for the last two decades. The Author has explained the practices that have been laid down to weaken the banking sector and capitalism. He uncovers the real inner working of big banks and also shows how it has affected Wall Street which makes as bad as it was just before the last pre-crash. This book is definitely no text book however still very informational for students wanting to pursue their career in the financial sector along with other in and interested in the same business.

Summary of this Top Banking Book

The efficiently highlights the bad practices of the banking sector by the author giving us an example of 6 big banks and institutions on the Wall Street. He fights against the truth of power used in some large banks, highlighting his scars and his escape and survival of the challenging status to be credited by some of the few who saw the crises hitting the economy. He also highlights a few holes that still exist in the system. To sum it up he also offers practical solutions

Best Takeaway from this Top Banking Book

The entire history of the banking industry is narrated in this top banking book. The author has very generously displayed the open loop holes of the crises that have still not been closed by the system leading us to another crisis. He has also offered us practical solutions to help the system get better and healthier.

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#4 – Shredded: Inside RBS, the Bank That Broke Britain 

Book Name & Author

Shredded: Inside RBS, the Bank That Broke Britain —by— Ian Farser

 

Banking Book Introduction 

From being one of the world’s biggest banks to trying to regain the trust of public, Shredded has the entire story of RBS that is the Royal Bank of Scotland. One of the biggest banks in the UK having assets worth $3 Trillion and also more than 200,000 employees globally was a name causing antagonism and antipathy against the former CEO of the bank Fred Goodwin. The Big name Fred Goodwin is known as the architect of the worse financial crises since the last one in 1929. The author uncovers appalling mistakes made which got the bank to a collapse he also explains the role of the directors of the banks who could not check on the crimes created by Goodwin. Both the colleagues and politicians who overlooked his happenings which kept the bank unsupervised. The toxic of his misconduct shattered rather closed or shut down a number of small businesses and also harmed the big ones badly.

Summary of this Best Banking Book

This banking book is an amazing example of a toxic individual who with the help of his misconduct had the ability of evolving the most horrible crises. The breakdown of The Royal Bank of Scotland actually destroyed a number of little businesses and also hit the big ones majorly. The author has shown the inefficiency of RBS employees, directors and politicians who were unable to uncover the same leading to a financial disaster, for the same could have been controlled.

Best Takeaway from this Best Banking Book

The author here confirms that the higher the designation the higher are the responsibilities you bare. This best banking book confirms that if the directors and the politicians kept a close watch on the movement of the bank and the happenings in it they could have had prevented this fraud and saved the livings of many little businesses.

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#5 – America’s Bank:

The Epic Struggle to Create the Federal Reserve

Book Name & Author

America’s Bank: The Epic Struggle to Create the Federal Reserve —by— Roger Lowenstein

 

Banking Book Introduction 

The banking book displays the birth of America’s Modern Central Bank. The fight to create the same was extremely stretched and conflict-ridden and yet the same was created; its creation felt like a little miracle. Modernizing the reforms of America seemed completely impossible because America was the only one amongst the developed nations who did not trust a big government or big banks. Every bank of the USA stood by its own without any central reserve or a regulator controlling the same. All of this divided the people of America their bankers and banks, their farmers, populists and ordinary Americans who enacted to the Federal Reserve Act. However the same was formed and this book gives you details of the formation striking clarity and gripping on the situations. The author focuses on 4 men behind the creation of history in America and its regulations.

Summary of this Book

This book will amuse you with the history of developed America who did not believe in big governments and big banks. Amid their belief was a requirement of regulators for different businesses especially the banking sector for it is one of the most risky sector and can really harm the economy if not well regulated. The book includes formation of the regulator of the banking system in the United States of America.

Best Takeaway from this Book

This best banking book steps out of the box and explains the formation of the biggest regulator of the global economy. It focuses on 4 men who made the same possible. Breaking old practices and stepping into new ones can really make management simple and swift.

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#6 – Nightmare on Wall Street:

Solomon Brothers and the Corruption of the Marketplace

Book Name & Author

Nightmare on Wall Street: Solomon Brothers and the Corruption of the Marketplace —by— Martin Mayer

 

Banking Book Introduction 

Showing off the influence and power of the epitome of Modern Wall Street, the writer describes the traders who become bankers without real experience but through the merits of luck and guts to build a financial giant. He talks about the breaking of traditional barriers by Salomon Brothers who was a world power with the assets of $170 billion and a powerful force in London, New York and Tokyo in the year 1991 and also the largest dealer in the government securities of The USA. From traders to becoming a corporate bully the firm manipulated in the governments stock market with a scandal of $10 billion. They not only destroyed many careers but also number of small businesses and reputation in business which is very difficult to gain.

Summary of this Book

The writer describes the influential power Salomon Brothers with their stories describing the breaking of traditional barriers and becoming corporate bullies. He writes about their emerging and their steps towards destructions of self and others who relied on them. They not only manipulated and scandalized the US government for $10 billion they also ruined a number of careers business reputations and small businesses.

Best Takeaway from this Book

What can be better that learning a great lesson from the corporate bullies self and destruction of other is not the real way of doing business. They spoilt their reputations in the market. The writer stresses on their arrogance and manipulative attitude towards destruction. Had the government taken care of the regulations and stopped them for creating their own regulations they would never try the same.

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