Coverart for item
The Resource Banktown : the rise and struggles of Charlotte's big banks, Rick Rothacker

Banktown : the rise and struggles of Charlotte's big banks, Rick Rothacker

Label
Banktown : the rise and struggles of Charlotte's big banks
Title
Banktown
Title remainder
the rise and struggles of Charlotte's big banks
Statement of responsibility
Rick Rothacker
Creator
Subject
Language
eng
Summary
The Charlotte Observer's financial reporter, Rick Rothacker, dives behind the headlines to reveal an up-close, ground-zero account of what really happened with two of the nation's big banks: "Big banks step up rivalry, one-upmanship or coincidence?"-Charlotte Observer, Mar. 13, 1989; "No. 2 banking city: right here, folks,"-Charlotte Observer, Nov. 25, 1997; "Secret meetings, taut nerves,"-Charlotte Observer, Apr. 22, 2001; "SunTrust enters bid to take over Wachovia,"-Charlotte Observer, May 15, 2001; "How toxic is your mortgage?"-BusinessWeek, Sept. 11, 2006; "Fed chairman vows to curb mortgage abuses,"-Associated Press, July 20, 2007; "The Weekend That Wall Street Died,"-Wall Street Journal, Dec. 29, 2008; "CNBC's Jim Cramer Interviews Wachovia President & CEO Robert Steel,"-CNBC.com, Sept. 15, 2008; "Talks Implode During a Day of Chaos; Fate of Bailout Plan Remains Unresolved,"-Newyorktimes.com, Sept 25, 2008; "Competitors seek profit from Wachovia's woes,"-News & Observer (Raleigh), Oct 17, 2009; "Merrill Lynch CEOs over banking 'mess',"-Charlotte Observer, Feb 12, 2009; "Bank of America Executive Under Scrutiny,"-New York Times, Dec. 7, 2009; On September 15, 2008; Wachovia CEO Bob Steel strode onto the set of Jim Cramer's Mad Money and assured his country and shareholders of a "great future" for one of the nation's largest banks. That same day, fellow Charlotte titan Bank of America announced a deal to buy Merrill Lynch and the expertise of its "thundering herd" of brokers. Just weeks after that, Wells Fargo purchased Mitering Wachovia, ending Bob Steers turn' around attempt. And three months later, Bank of America told the government it might try to escape the Merrill Lynch deal. Events unfolded at whiplash speed during America's financial meltdown, and Charlotte's banks were at the center. Employees at Wachoviaùonce a standard of conservative bankingùsuddenly found themselves at the wrong end of a takeover. And Bank of America, on a relentlessly upward trajectory since the days of legendary CEO Hugh McColl, Jr., may have finally bitten off more than it could chew. Stock prices collapsed. Fortunes and retirement nest eggs evaporated. The nation's second biggest banking center faced a crisis. Banktown is a tale of triumph and tragedy at Charlotte's big banks, told with the ground-zero insights of award-winning Charlotte Observer business reporter Rick Rothacker. Featuring a cast of ambitious CEOs, brash traders, and powerful government officials and humanized by accounts of sleep-deprived bankers analyzing multibillion-dollar deals in record time and borrowers belatedly realizing their adjustable-rate mortgages left them owing more after their monthly payments than before, this is the definitive account of how the financial crisis bruised the economy and the pride of one of the New South's brightest skylines. --Book Jacket
Cataloging source
DLC
http://library.link/vocab/creatorName
Rothacker, Rick
Dewey number
332.109756/76
Index
index present
LC call number
HG2613.C35
LC item number
R68 2010
Literary form
non fiction
Nature of contents
bibliography
http://library.link/vocab/subjectName
  • Bank of America
  • Wachovia Corporation
  • Banks and banking
  • Financial crises
Label
Banktown : the rise and struggles of Charlotte's big banks, Rick Rothacker
Instantiates
Publication
Bibliography note
Includes bibliographical references and index
Carrier category
volume
Carrier category code
  • nc
Carrier MARC source
rdacarrier
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Control code
555673277
Dimensions
24 cm
Extent
xii, 249 pages
Isbn
9780895873811
Isbn Type
(hardcover : alk. paper)
Lccn
2010021720
Media category
unmediated
Media MARC source
rdamedia
Media type code
  • n
System control number
(OCoLC)555673277
Label
Banktown : the rise and struggles of Charlotte's big banks, Rick Rothacker
Publication
Bibliography note
Includes bibliographical references and index
Carrier category
volume
Carrier category code
  • nc
Carrier MARC source
rdacarrier
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Control code
555673277
Dimensions
24 cm
Extent
xii, 249 pages
Isbn
9780895873811
Isbn Type
(hardcover : alk. paper)
Lccn
2010021720
Media category
unmediated
Media MARC source
rdamedia
Media type code
  • n
System control number
(OCoLC)555673277

Library Locations

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      1020 Lowry Street, Columbia, MO, 65201, US
      38.944491 -92.326012
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