Abstract
A comparison of the current list of excellent banks with those of 1984 and 1988 mirrors both the transformation of banking as well as the perspective of bankologists. We cannot pretend to any intellectual rigour in such a comparison. While panellists were asked the same question on each occasion, the number of banks on each list are not comparable: from 16 banks in 1984, the number has been reduced to nine in 2004. Moreover, the definition of ‘bank’ has been expanded to include investment banks. We nevertheless feel some generic observations can be made.
‘We would have had to do it [the merger with First Union] eventually.’
John Medlin, former CEO of Wachovia
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© 2004 Steven I. Davis
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Davis, S.I. (2004). Lessons from the Past: Two Turbulent Decades. In: Excellence in Banking — Revisited!. Palgrave Macmillan, London. https://doi.org/10.1057/9780230509405_2
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DOI: https://doi.org/10.1057/9780230509405_2
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-51844-9
Online ISBN: 978-0-230-50940-5
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