Proceedings of the 2022 International Conference on Economics, Smart Finance and Contemporary Trade (ESFCT 2022)

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The Impact of Conversion to Bank Holding Company During the Financial Crisis

Case of Morgan Stanley and Goldman Sachs

Authors
Jingru Li1, *, Yuhan Liu2, Xiaoran Yang3
1Western Michigan University, Michigan, MI, 49008, USA
2Shenyang No. 35 Middle School, Shenyang, 110000, China
3Beijing No. 12 Middle School, Beijing, 100000, China
*Corresponding author. Email: jdy0021@wmich.edu
Corresponding Author
Jingru Li
Available Online 27 December 2022.
DOI
10.2991/978-94-6463-052-7_154How to use a DOI?
Keywords
Financial crisis; Bank holding company; Goldman Sachs
Abstract

The main purpose of this study is to identify the risk capital banks hold during the financial crisis. Through the comparative analysis above, becoming a bank holding company during a financial crisis has its advantages and disadvantages, but the benefits go beyond that, including more capital, deposits and higher trust. As an important subject of the financial market, investment banks are born in the initial stage of capital investment demand in economic development, grow in the development stage of joint-stock company system, and mature in the developed stage of the securities market. Investment banks play an important role in economic development, such as communicating capital supply and demand, constructing securities market, promoting enterprise merger and acquisition, promoting industrial concentration and the formation of scale economy, and optimizing resource allocation. This paper also found that growth in non-interest income and loans or deposits played an important role, especially for companies during the financial crisis.

Copyright
© 2022 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 2022 International Conference on Economics, Smart Finance and Contemporary Trade (ESFCT 2022)
Series
Advances in Economics, Business and Management Research
Publication Date
27 December 2022
ISBN
10.2991/978-94-6463-052-7_154
ISSN
2352-5428
DOI
10.2991/978-94-6463-052-7_154How to use a DOI?
Copyright
© 2022 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Jingru Li
AU  - Yuhan Liu
AU  - Xiaoran Yang
PY  - 2022
DA  - 2022/12/27
TI  - The Impact of Conversion to Bank Holding Company During the Financial Crisis
BT  - Proceedings of the 2022 International Conference on Economics, Smart Finance and Contemporary Trade (ESFCT 2022)
PB  - Atlantis Press
SP  - 1384
EP  - 1391
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-052-7_154
DO  - 10.2991/978-94-6463-052-7_154
ID  - Li2022
ER  -