Финансовый менеджмент в коммерческом банке и в индустрии финансовых услуг

Established as the market-leader, this thoroughly revised book describes both the theory and practice of commercial banking from a financial-management perspective. Focusing on the dynamic and rapidly changing financial-services industry, it explores modern financial management decision-making and highlights the importance of adapting to change and creating value as the way for firms to succeed. Offers complete coverage in 18 chapters. Updated coverage of technology in banking stresses to readers the roles of e-money and e-banking in facilitating e-commerce. New and improved Trick framework enables readers to understand the process of financial innovation and the driving forces of change in the financial-services industry. New end-of-chapter questions, problems, cases, and projects tests readers' comprehension and challenges research, writing, and analytical skills. Theme of banks as "factories" that engage in information processing and deal-making highlights for students the latest technological and regulatory developments including the advent of the Internet and Internet banking as well as the most recent changes in bank regulation. An acronym glossary is included to simplify and explain acronyms such as ALM, LIBOR, CAMEL with author and subject indices for convenient reference. Noting that banks operate in the financial services industry, rather than the more narrowly defined banking industry, this textbook is aimed at business students who wish to join the industry and maximize shareholder value. Because of the declining franchise value of the traditional business of funding loans with deposits, the text emphasizes other ways to maximize profits, including the development of tools for the management of risk, including off balance sheet techniques. After a section that overviews the broad contours of the financial service industry, chapters address bank financial statements, risk, and valuation; strategic planning, risk management, asset-liability management, and capital adequacy; credit risk; the liquidity, operating, and foreign-exchange risk of banking and securitization; and the roles of regulation, deposit insurance, and ethics. Annotation c. Book News, Inc., Portland, OR (booknews.com) Pt. I. Banking And The Forces Of Change In The Financial-services Industry. Ch. 1. Overview Of Banking And The Financial-services Industry. Ch. 2. Drivers Of Change, Innovation, And Consolidation In The Financial-services Industry. Ch. 3. Technology In Banking: E-money, E-banking, And E-commerce -- Pt. Ii. Bank Financial Statements, Risks, And Valuation. Ch. 4. Sources And Uses Of Bank Funds And The Risks Of Banking. Ch. 5. Accounting And Economic Models Of Bank Performance And Valuation. Ch. 6. Case Studies In Bank Valuation And Performance -- Pt. Iii. The Big Picture: Strategic Planning, Risk Management, Asset-liability Management, And Capital Adequacy. Joseph F. Sinkey, Jr. Includes Bibliographical References And Indexes.