Includes bibliographical references and index.

Financial systems -- Securities markets and financial intermediation -- Introduction to securities valuations -- Central banks and the creation of money -- The spread business -- Deposit taking and other funding -- Corporate lending -- Operational services -- Mortgage lending -- Credit cards and other retail loans -- Risk management -- The controls cycle -- Managing interest rate and FX risk -- Trading -- Managing market risk -- Managing credit risk -- Capital management -- Capital markets -- Fund management -- Investment banking -- Securitization -- Bank valuations and acquisitions -- Bank valuations -- Bank acquisitions -- Problem loans and banking crises -- Corporate failures and problem loans -- Banking crises -- Dealing with & valuing insolvent banks -- Supervision & financial statements -- Regulation, supervision and policing -- The balance sheet -- The income statement.