Advertisement

© 2020

Absent Management in Banking

How Banks Fail and Cause Financial Crisis

Book

Table of contents

  1. Front Matter
    Pages i-viii
  2. Christian Dinesen
    Pages 271-286
  3. Back Matter
    Pages 287-305

About this book

Introduction

“Christian Dinesen, a talented analyst and successful senior executive, is helping us understand why history repeats itself in the banking sector since the Medici. Banking is the blood system of all economies. It needs experts, but often lacks real managers. Christian’s advocacy for more simplicity and his great analysis of historical precedents will help the reader detect earlier the warning signals of the next big crisis!”

Henri de Castries, former Chairman and CEO, AXA SA

“I know of no one better placed than Christian to get to the bottom of how and why bank failures and financial crises happen. This book should be widely read.”

Tim Leunig, London School of Economics and Political Science

“In this tour de force, Christian Dinesen lifts the veil on a troubling feature of the global banking system—its absent management. The banking industry is so complex that it would need the finest managers. And yet, the same industry has long denigrated management and continues to do so. Christian makes a compelling argument for valuing management presence, lest we continue to suffer crises not only financial, but of trust and faith in business enterprises.”

Gianpiero Petriglieri, INSEAD Business School

Offering a historical analysis of management in banking from the Medici to present day, this book explores how banks can cause devastating financial crisis when they fail. Rather than labelling management as ‘good’ or ‘bad’, the author focuses on the concept of absent management, which can occur as a result of complexity. The complexity of banking, which intensified alongside the phenomenal growth of banks in the 20th and 21st centuries, resulted in banks that are mismanaged or, at times, even unmanaged. Drawing on business school case studies including Barings and Lehman Brothers, this book showcases how absent management in banking has caused crises, depressions and recessions, and how ultimately it will continue to do so.

Keywords

Banking Management Crisis Financial history Economic history financial recession bank management mismanagement Medici Rothschild Financial depression

Authors and affiliations

  1. 1.Dinesen Associates Ltd.LondonUK

About the authors

Christian Dinesen worked for a global investment bank during the 2008 financial crisis. In addition to his 35 years of experience in financial markets and management consultancy, he studied Economic History at the London School of Economics and Political Science, UK.  

Bibliographic information

  • Book Title Absent Management in Banking
  • Book Subtitle How Banks Fail and Cause Financial Crisis
  • Authors Christian Dinesen
  • DOI https://doi.org/10.1007/978-3-030-35824-2
  • Copyright Information The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Switzerland AG 2020
  • Publisher Name Palgrave Macmillan, Cham
  • eBook Packages Economics and Finance Economics and Finance (R0)
  • Hardcover ISBN 978-3-030-35823-5
  • Softcover ISBN 978-3-030-35826-6
  • eBook ISBN 978-3-030-35824-2
  • Edition Number 1
  • Number of Pages VIII, 305
  • Number of Illustrations 1 b/w illustrations, 0 illustrations in colour
  • Topics Banking
    Financial Crises
    Business Strategy/Leadership
  • Buy this book on publisher's site
Industry Sectors
Finance, Business & Banking

Reviews

​“Christian Dinesen, a talented analyst and successful senior executive, is helping us understand why history repeats itself in the banking sector since the Medici. Banking is the blood system of all economies. It needs experts, but often lacks real managers. Christian’s advocacy for more simplicity and his great analysis of historical precedents will help the reader detect earlier the warning signals of the next big crisis!” (Henri de Castries, former Chairman and CEO, AXA SA)

“I know of no one better placed than Christian to get to the bottom of how and why bank failures and financial crises happen. This book should be widely read.” (Tim Leunig, London School of Economics and Political Science)

“In this tour de force, Christian Dinesen lifts the veil on a troubling feature of the global banking system―its absent management. The banking industry is so complex that it would need the finest managers. And yet, the same industry has long denigrated management and continues to do so. Christian makes a compelling argument for valuing management presence, lest we continue to suffer crises not only financial, but of trust and faith in business enterprises.” (Gianpiero Petriglieri, INSEAD Business School)