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Top 5 Books to Learn About the Banking Industry (JPM, BAC)

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The banking industry touches on nearly all financial transactions, including retail purchases, commercial and residential real estate financing, capital markets, and foreign exchange. The following five books explore the important roles banks play in supporting the world economy.

The House of Morgan: An American Banking Dynasty and the Rise of Modern Finance by Ron Chernow

The House of Morgan: An American Banking Dynasty and the Rise of Modern Finance

Amazon 

Chernow’s book ‘The House of Morgan’ explores the foundations of banking giant JPMorgan Chase & Company (NYSE: JPM), chronicling how the Morgan family stealthily surpassed the Rothschild and Baring families to become the world’s most powerful financial establishment. Chernow’s work details how the bank’s 1890s bailout of the United States catapulted it to a position of power that enabled it to provide key financing for World War I and World War II. Finally, the book provides intimate portraits of the individuals who founded the Morgan banking dynasty.

The Greatest-Ever Bank Robbery: The Collapse of the Savings and Loan Industry by Martin Mayer

The Greatest-Ever Bank Robbery: The Collapse of the Savings and Loan Industry

Amazon

‘The Greatest-Ever Bank Robbery’ focuses on a tumultuous time for banks, when the Savings and Loan (S&L) crisis decimated the thrift industry in the 1980s. This caused a level of uncertainly among banking customers, only rivaled by the panic caused by the Great Depression, some 50 years earlier. Although numerous books have been written on this subject, Mayer’s work stands out for its readability and deep-dive coverage of the topic.

The End of Banking: Money, Credit, and the Digital Revolution by Jonathan McMillan

The End of Banking: Money, Credit, and the Digital Revolution

Amazon

McMillan’s ‘The End of Banking’ presents an intriguing gaze into the financial future, where McMillan foresees a digital monetary revolution replacing the banking system as we currently know it. After carefully detailing the ultimately unsolvable problems he believes are plaguing the current banking system, McMillan proposes ways to revolutionize the industry with digital technology, new payment processing and monetary exchange systems, and peer-to-peer (P2P) lending.

McColl: The Man with America’s Money by Ross Yockey

McColl: The Man with America’s Money

Amazon

Yockey’s book chronicles the accomplishments of Hugh McColl, one of the most important and influential figures in modern banking. The book relates the story of how McColl, former chief executive officer of Bank of America Corporation (NYSE: BAC), developed the first genuinely national American bank, with branches across all 50 states. McColl led the creation of modern interstate and branch banking through a series of mergers and acquisitions of regional banks and thrifts that gradually transformed the American Commercial Bank (later NationsBank) into the Bank of America, in 1998. The book offers an intriguing biographical account of a true banking industry visionary.

The Creature from Jekyll Island by G. Edward Griffin

The Creature from Jekyll Island

Amazon

Griffin’s ‘The Creature from Jekyll Island’ is widely viewed as the seminal book about the Federal Reserve Bank, which remains a largely misunderstood institution to many Americans. In addition to detailing the creation of the Federal Reserve System (FRS), Griffin deconstructs the purpose behind it. But Griffin doesn’t always present a positive view of the U.S. central bank, which he holds responsible for many terrible events, such as the Great Depression and the continual inflation that has eroded some 90% of the U.S. dollar’s purchasing power. While some experts challenge the validity of Griffin’s claims, this fascinating book is an undeniably well-researched read. Its updated 2010 version includes analysis of the 2008 financial crisis and subsequent bank bailouts that put U.S. taxpayers on the hook for trillions of dollars.

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  1. Ron Chernow. "Swiss school IMD comes top in the ranking of open-enrolment courses, available to all working managers, and jumps two places to second for customised programmes, which are tailor-made for corporate customers. Iese of Spain holds on to the top spot in the custom ranking and remains second in the open ranking.." Grove Press, 2001.

  2. Martin Mayer. "两次发生在洛杉矶的反抗时间之旅。两次对女人之间时而棘手的团结的赞颂。四位演员的精彩表演,来自吉塔娜·基基·罗德里格斯(Kitana Kiki Rodriguez)、米娅·泰勒(Mya Taylor)、茱莉亚·加纳,以及了不起的莉莉·汤姆林。《与外婆同行》是制片公司资深导演的作品,《橘色》是用iPhone手机拍摄。任何哀悼电影已死的人,都应该闭上嘴巴,看看这两部影片。." Collier Books, 1992.

  3. Jonathan MacMillan. "The End of Banking: Money, Credit, and the Digital Revolution." Zero/One Economics, 2014.

  4. Ross Yockey. "高铁“霸座”男被处治安罚款200元 记入铁路征信体系." Longstreet Press, 1999.

  5. G. Edward Griffin. "如果你对某个内容不懂,就可以立即提问。如果你坐在前排,并和老师有眼神交流,你的老师就很可能从你的面部表情就能得知,你对某个内容不太明白。你需要举起你的手,表示你有疑问。." American Media, 2010.