Additional information
by Mike Mayo (Author)
An insider points out the holes that still exist on Wall Street and in the banking system
Exile on Wall Street is a gripping read for anyone with an interest in business and finance, U.S. capitalism, the future of banking, and the root causes of the financial meltdown.
Award winning, veteran sell side Wall Street analyst Mike Mayo writes about one of the biggest financial and political issues of our time - the role of finance and banks in the US. He has worked at six Wall Street firms, analyzing banks and protesting against bad practices for two decades.
In Exile on Wall Street, Mayo:
- Lays out practices that have diminished capitalism and the banking sector
- Shares his battle scars from calling truth to power at some of the largest banks in the world and how he survived challenging the status quo to be credited as one of the few who saw the crisis coming
- Blows the lid off the true inner workings of the big banks and shows the ways in which Wall Street is just as bad today as it was pre-crash.
- Analyzes the fallout stemming from the market crash, pointing out the numerous holes that still exist in the system, and offers practical solutions.
While it provides an education, this is no textbook. It is also an invaluable resource for finance practitioners and citizens alike.
Front Jacket
From Mike Mayo, the star banking analyst once nicknamed the "CEOkiller," comes Exile on Wall Street: One Analyst's Fight to Savethe Big Banks from Themselves, the true story of a man who dared tospeak out against the status quo on The Street.
The book centers around one truth: the financial crisis hasn'tchanged a thing. ChroniclingMayo's time working first for theFederal Reserve in Washington and then with many of the biggestbanks in the world, the book is packed with outrageousadventures--from management escorting him out of the LehmanBrothers building to getting fired from Credit Suisse for putting asell rating on the entire banking sector to being banned fromspeaking to the media by Deutsche Bank because of his "negative"views. Wall Street has been playing dirty for years, and Mayoanalyzes the fallout stemming from the market crash, pointing outthe numerous holes that still exist in the system.
Offering a remarkable look at the behind-the-scenes machinationsof the biggest financial institutions, Exile on Wall Street is agripping read for anyone with an interest in business and finance, U.S. capitalism, the future of banking, and the root causes of thefinancial meltdown. It is also an invaluable resource for bankers, finance practitioners, and other industry professionals.
Back Jacket
From Mike Mayo, the star banking analyst once nicknamed the "CEO killer," comes Exile on Wall Street: One Analyst's Fight to Save the Big Banks from Themselves, the true story of a man who dared to speak out against the status quo on The Street.
The book centers around one truth: the financial crisis hasn't changed a thing. Chronicling Mayo's time working first for the Federal Reserve in Washington and then with many of the biggest banks in the world, the book is packed with outrageous adventures--from management escorting him out of the Lehman Brothers building to getting fired from Credit Suisse for putting a sell rating on the entire banking sector to being banned from speaking to the media by Deutsche Bank because of his "negative" views. Wall Street has been playing dirty for years, and Mayo analyzes the fallout stemming from the market crash, pointing out the numerous holes that still exist in the system.
Offering a remarkable look at the behind-the-scenes machinations of the biggest financial institutions, Exile on Wall Street is a gripping read for anyone with an interest in business and finance, U.S. capitalism, the future of banking, and the root causes of the financial meltdown. It is also an invaluable resource for bankers, finance practitioners, and other industry professionals.
Author Biography
MIKE MAYO is one of the top-ranked banking and finance analysts of the past twenty years. Mayo was the only analyst to testify during Senate Banking Committee hearings in 2002 on conflicts of interest on Wall Street, and in 2010, he testified again, this time as the first analyst to speak on the causes of the crisis. He has worked at Wall Street firms including UBS, Lehman Brothers, Credit Suisse, Prudential Securities, and Deutsche Bank. He currently serves as Managing Director at Credit Agricole Securities, which provides services in the United States for CLSA, a global boutique brokerage firm. In 2008, Fortune named him one of "Eight Who Saw the Crisis Coming."
