A STRATEGIC PERSPECTIVE OF BANK FINANCIAL CONGLOMERATES IN LONDON AFTER THE CRASH
研究了1987年股市崩盘后伦敦投资银行金融集团面临的战略与组织危机，并重新审视其策略与教训。
ABSTRACT The deregulation of financial markets has led to severe challenges for bank management and banking strategy. Investment banking is a sector that has experienced important and well‐publicized changes. London's celebrated ‘Big Bang’ helped to stimulate new banking strategies that were characterized by the formation of so‐called ‘bank financial conglomerates’. The October 1987 stock market crash, however, has precipitated strategic and organizational crises for many of these banks active in securities business and capital market products. This article re‐examines investment banking strategies in London and some of the lessons associated with the crash experiences.