Because many people believe that other banks are close to insolvency, we need renewed market confidence to end the crisis. Until capital starts flowing again, banks will be raising capital, deleveraging, and cutting costs
New York, NY (PRWEB) October 14, 2008
Mergercast by Booz & Company has released Episode 17 - Banking Industry Turmoil.
In the series' first video episode, Booz & Company Senior Partner Mike McKeon shares his thoughts about the current banking industry turmoil, including the government bailout, industry consolidation -- particularly among large investment and commercial banks -- and finally, observations about reaching an endpoint in the crisis.
"Because many people believe that other banks are close to insolvency, we need renewed market confidence to end the crisis. Until capital starts flowing again, banks will be raising capital, deleveraging, and cutting costs," says McKeon.
Mergercast by Booz & Company is a podcast exploring the world of mergers, acquisitions and restructurings. Episode 17 has a runtime of 6 minutes and 14 seconds, and can be accessed at http://www.booz.com/mergercast. Listeners can play the podcast on its homepage or subscribe via RSS feed, e-mail or the iTunes store.
About Booz & Company
Booz & Company is a leading global management consulting firm, helping the world's top businesses, governments, and organizations.
Our founder, Edwin Booz, defined the profession when he established the first management consulting firm in 1914.
Today, with more than 3,300 people in 58 offices around the world, we bring foresight and knowledge, deep functional expertise, and a practical approach to building capabilities and delivering real impact. We work closely with our clients to create and deliver essential advantage.
For our management magazine strategy+business, visit http://www.strategy-business.com.
Visit http://www.booz.com to learn more about Booz & Company.
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