By Bryan Burrough, John Helyar
The struggle to manage RJR Nabisco in the course of October and November of 1988 used to be greater than simply the biggest takeover in Wall road heritage. Marked by means of brazen monitors of ego now not visible in American enterprise for many years, it grew to become the excessive aspect of a brand new gilded age, and its repercussions are nonetheless being felt. the last word tale of greed and glory, Barbarians on the Gate is the gripping account of those frenzied months, of deal makers and exposure flaks, of an old-line business powerhouse that turned the sufferer of the ruthless and rapacious type of finance within the Eighties. Written with the bravado of a unique and researched with the diligence of a sweeping cultural heritage, here's the unforgettable tale of the takeover in all its brutality.
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Additional resources for Barbarians at the Gate: The Fall of RJR Nabisco
Although the NPL rate in China is reasonably low for a developing country, Martin (2012) has pointed out that NPLs 26 Development of China’s banking industry in China are expected to rise due to the “local government funding platforms” policy, whereby the local governments establish separate entities for incorporating and financing local projects and can obtain loans from banks or issues bonds that are often purchased by local banks when they raise funds to finance these local projects. It is doubtful whether these loans can be repaid and some are transferred to Asset Management Companies (AMCs) and are then released back into the market and later purchased by banks as stocks.
Xml 28 Development of China’s banking industry Martin, M. F. (2012, February). China’s banking system: Issues for Congress. Congressional Research Service, Library of Congress. pdf. Rules for the implementation of the law of the People’s Republic of China on foreignfunded enterprises. Revised on April 12, 2001, approved on October 28, 1990 by the State Council of China, issued on December 12, 1990 by the Ministry of Foreign Economic Relations and Trade, PRC. Song, L. 2005. Interest rate liberalisation in China and the implication for non-state banking.
Special members, which include People’s Bank of China, Ministry of Finance and policy banks, are the second-largest group of investors in Treasury bonds. 55 trillion worth of these bonds. Insurance institutions and fund companies play only odd roles in China’s bond market. Insurance institutions had an insignificant 1 percent share in the spot trading volume and 3 percent share in the repo trading volume in 2009. Fund companies accounted for 4 percent and 6 percent of spot trading volume and repo trading volume, respectively, in 2009.
Barbarians at the Gate: The Fall of RJR Nabisco by Bryan Burrough, John Helyar