It was from Pecora's hearings that many of the standards and regulations affecting the financial industry emerged, and continue to govern the way the 'street' does business today. It was also the time of the Glass-Steagall Act. The roaring twenties gave way to the Depression Era of the 1930's and still J.P. Morgan bore the standard for financial firms on Wall Street. The firm was the first one to be investigated

House of Morgan: An American Banking Dynasty and the Rise of Modern Finance, by Edwin P. Hoyt, Jr. Specifically, it will discuss the three most significant things and/or people in this book. The significance could be judged at the time of the events/persons in question or perhaps better, be seen through hindsight, i.e. its/their effect on modern finance. While there are many significant and important people and events depicted

The company has avoided the major scandals that have dogged many of its peers, and remains well-regarded in the industry. Given the global nature of the industry, it is increasingly difficult for investment banks such as JP Morgan to manage human behavior. The Dow Chemical example shows the impact that communication and oversight can have. The U.S. subsidiary was forced to enforce the company's codes of behavior on a foreign

The job in Structured Finance entails creation of financial vehicles to redirect cash flows to investors. Asset-backed Commercial Paper -- CP, collateralized bond obligations --CBOs and repackaged asset vehicles are the other growth areas. This job calls for a good blend of spreadsheet skills, accounting and legal expertise. Derivatives get their worth from options, swaps and futures which are instances of derivatives. This is a highly profitable business whose demand

" Of these respondents, over 50% of them stated that they lack a disaster recovery plan (Anthes, 1998). However, most of the problems stem from the lack of communication at the corporate level. (Hawkins, et al., 2000). Business Continuity Plans (BCP) and other forms of strategic planning are no longer a luxury, but a must-have factor and an important element of any organisation's risk management system. Organisations are increasingly dependent upon

Global Economy Key Player & Background As the spokesperson for an interest group representing an economic think tank, I am issuing this policy statement to detail the implications for the U.S. economy of a sovereign default in the Eurozone. As Reich notes, the financial crisis in Europe is threatening to spread to the United States. If there is a default in Greece, a panic could start in financial markets, spreading to other