Excerpt from Present-Day Banking: Its Methods, Tendencies and Characteristics
From the failure are such as successive generations of bank managers and bank directors need to keep steadily before them, and it is because the chapter in question deals principally with these lessons that, in the process of selection, it has been retained. The chapter on the Goudie frauds in Liverpool is a further case in point. On the ground that no one now cares much about these frauds, I had withdrawn from the list of articles to be published that which appeared in the Economist dealing with this matter, and only reinstated it on seeing, towards the end of last year, newspaper reports of a case in which a London bank had lost a considerable sum through frauds conducted on very similar lines; frauds which, so far as one could judge from the published reports, were effected by methods very similar to those employed in the Liverpool case, and which, it would appear, might have been detected at an earlier stage if the practical precautions advocated in the Economist article had been in force at the branch where they were perpetrated. For the inclusion of the chapter which deals with the weak points of the Bank Charter Act no apology is offered under this head, since the need for the amendment of the Act appears to me to be as great to-day as when the article which forms the chapter was penned.
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Paperback. Condizione: New. Print on Demand. This book examines the evolution of banking, revealing the numerous changes that have occurred in the last few years due to amalgamations and increased competition. The author, an expert banker with decades of experience, provides not only a historical overview of banking but also an analysis of the challenges banks currently face. He goes into detail about specific trends, such as the use of gold reserves, branch extension, and company mergers, explaining their impact on the banking industry and the economy. The book's insights will be of interest to anyone looking to understand the complexities of modern banking. This book is a reproduction of an important historical work, digitally reconstructed using state-of-the-art technology to preserve the original format. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in the book. print-on-demand item. Codice articolo 9781330203736_0
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