Banktown : The Rise and Struggles of Charlotte's Big Banks
Language: English
Published by Carolina Wren Press, 2010
- Hardcover
- Used
Seller: Better World Books, Mishawaka, IN, U.S.A.Better World Books
AbeBooks seller since August 3, 2006
Condition: Used - Good
£ 6.27
Quantity: 1 available
Add to basketItem description from seller
Seller Inventory # 5581443-6
- Title
- Banktown : The Rise and Struggles of Charlotte's Big Banks
- Author
- Rothacker, Rick
- Publisher
- Carolina Wren Press
- Publication year
- 2010
- Condition
- Good
- Binding
- Hardcover
- Language
- English
- ISBN 10
- 0895873818
- ISBN 13
- 9780895873811
- Item weight
- 2.33 pounds
- Dimensions
- N/A
"Big banks step up rivalry, one-upmanship or coincidence?"-Charlotte Observer, Mar. 13, 1989
"No. 2 banking city: right here, folks,"-Charlotte Observer, Nov. 25, 1997
"Secret meetings, taut nerves,"-Charlotte Observer, Apr. 22, 2001
"SunTrust enters bid to take over Wachovia,"-Charlotte Observer, May 15, 2001
"How toxic is your mortgage?"-BusinessWeek, Sept. 11, 2006
"Fed chairman vows to curb mortgage abuses,"-Associated Press, July 20, 2007
"The Weekend That Wall Street Died,"-Wall Street Journal, Dec. 29, 2008
"CNBC's Jim Cramer Interviews Wachovia President & CEO Robert Steel,"-CNBC.com, Sept. 15, 2008
"Talks Implode During a Day of Chaos; Fate of Bailout Plan Remains Unresolved,"-Newyorktimes.com, Sept 25, 2008
"Competitors seek profit from Wachovia's woes,"-News & Observer (Raleigh), Oct 17, 2009
"Merrill Lynch CEOs over banking 'mess',"-Charlotte Observer, Feb 12, 2009
"Bank of America Executive Under Scrutiny,"-New York Times, Dec. 7, 2009
On September 15, 2008 Wachovia CEO Bob Steel strode onto the set of Jim Cramer's Mad Money and assured his country and shareholders of a "great future" for one of the nation's largest banks. That same day, fellow Charlotte titan Bank of America announced a deal to buy Merrill Lynch and the expertise of its "thundering herd" of brokers.
Just weeks after that, Wells Fargo purchased Mitering Wachovia, ending Bob Steers turn' around attempt.
And three months later, Bank of America told the government it might try to escape the Merrill Lynch deal.
Events unfolded at whiplash speed during America's financial meltdown, and Charlotte's banks were at the center. Employees at Wachoviaùonce a standard of conservative bankingùsuddenly found themselves at the wrong end of a takeover. And Bank of America, on a relentlessly upward trajectory since the days of legendary CEO Hugh McColl, Jr., may have finally bitten off more than it could chew.
Stock prices collapsed.
Fortunes and retirement nest eggs evaporated. The nation's second biggest banking center faced a crisis.
Banktown is a tale of triumph and tragedy at Charlotte's big banks, told with the ground-zero insights of award-winning Charlotte Observer business reporter Rick Rothacker. Featuring a cast of ambitious CEOs, brash traders, and powerful government officials and humanized by accounts of sleep-deprived bankers analyzing multibillion-dollar deals in record time and borrowers belatedly realizing their adjustable-rate mortgages left them owing more after their monthly payments than before, this is the definitive account of how the financial crisis bruised the economy and the pride of one of the New South's brightest skylines.
"Synopsis" may belong to another edition of this title.
About the Author
"About the title" may belong to another edition of this title.
Better World Books
Mishawaka, IN, U.S.A.
AbeBooks seller since August 3, 2006
Shipping rates within U.S.A.
| Item | 4 to 8 business days | 3 to 5 business days |
|---|---|---|
| First item | £ 0.00 | £ 9.60 |
Payment methods
Store description
Seller's business information
Better World Books Marketplace, Inc.
55740 Currant Road
Mishawaka, IN U.S.A. 46545
Terms of sale
Better World Books (BWB) values your satisfaction and offers you returns within thirty (30) days after the estimated delivery date on most items. All returned items must be in the original condition; used items should include the SKU sticker located on the spine or back of the product.
If you have an incomplete, incorrect, or damaged shipment, please contact our Customer Care team via Abebooks contact seller options before proceeding with the return.Please keep in mind that because we deal mostly in used books, any extra components, such as CDs, DVDs, figurines, or access codes are not included.
Right of withdrawal
If you are a consumer you can withdraw from the contract in accordance with the following. Consumer means any natural person who is acting for purposes which are outside his trade, business, craft or profession.
Information regarding the right of withdrawal
Statutory right to withdraw
You have the right to withdraw from this contract within 14 days without giving any reason.
The withdrawal period will expire after 14 days from the day on which you acquire, or a third party other than the carrier and indicated by you acquires, physical possession of the last good or the last lot or piece.
To exercise the right of withdrawal, electronically fill in and submit a clear statement on our website, under "My Purchases" in "My Account". We will communicate to you an acknowledgement of receipt of such a withdrawal on a durable medium (e.g. by e-mail) without delay.
To meet the withdrawal deadline, it is sufficient for you to send your communication concerning your exercise of the right of withdrawal before the withdrawal period has expired.
Effects of withdrawal
If you withdraw from this contract, we will reimburse to you all payments received from you, including the costs of delivery (except for the supplementary costs arising if you chose a type of delivery other than the least expensive type of standard delivery offered by us).
We may make a deduction from the reimbursement for loss in value of any goods supplied, if the loss is the result of unnecessary handling by you.
We will make the reimbursement without undue delay, and not later than 14 days after the day on which we are informed about your decision to withdraw from this contract.
We will make the reimbursement using the same means of payment as you used for the initial transaction, unless you have expressly agreed otherwise; in any event, you will not incur any fees as a result of such reimbursement.
We may withhold reimbursement until we have received the goods back, or you have supplied evidence of having sent back the goods, whichever is the earliest.
You shall send back the goods or hand them over to Better World Books, Mishawaka, Indiana, U.S.A., without undue delay and in any event not later than 14 days from the day on which you communicate your withdrawal from this contract to us. The deadline is met if you send back the goods before the period of 14 days has expired. You will have to bear the direct cost of returning the goods. You are only liable for any diminished value of the goods resulting from the handling other than what is necessary to establish the nature, characteristics and functioning of the goods.
Exceptions to the right of withdrawal
The right of withdrawal does not apply to:
- The delivery of newspapers, journals or magazines with the exception of subscription contracts; and
- The supply of digital content which is not supplied on a tangible medium (e.g. on a CD or DVD) if you accepted when you placed your order that we could start to deliver it, and that you could not withdraw once delivery had started.
Shipping terms
Please allow 1-2 business days for order fulfillment.