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The Bankers: The Next Generation

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Title: The Bankers: The Next Generation
by Martin Mayer
ISBN: 0452272645
Publisher: Penguin USA (Paper)
Pub. Date: May, 1998
Format: Paperback
Volumes: 1
List Price(USD): $18.00
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Average Customer Rating: 4.08333

Customer Reviews

Rating: 5
Summary: Enjoyable to read and packed with excellent information
Comment: Excellent book on modern day banking industry, extremely informative with lots of information, but easy to digest even for those who just wanted to learn a little more about the business.
It is well written and easy to understand overall. Making it unexpectedly enjoyable.

Rating: 5
Summary: Martin Mayer, "The Godfarther of Banking Knowledge"
Comment: First I believe this book should be a ten star. I am a crinimal justice major @ I.U. and also a victim of white collar crime. I have read three other books written by Mayer and have found them all useful for an independent study that I am doing on banking crime by insiders. I fell that if a person wanted to ask a banking question and get an educated answer Mayer is the person to ask.

Rating: 3
Summary: A Book as Quirky as the Industry Portrayed by the Author
Comment: The financial services industry has always been something of an enigma to me. After reading THE BANKERS, it still is. Perhaps the lush reviews garnered by this book instilled unrealistic expectations: I expected a carefully researched, scholarly treatment of the banking business past-to-present. For better or worse, this book reads more like a quirky monologue by someone who knows the banking business well, but who prefers to deliver his knowledge by free association rather than by cogent and orderly description. The anecdotes are sometimes very entertaining, and the reader does pick up some valuable insights. But the return on effort extended is less than excellent. What's especially ironic is the book's chapters ARE cogently organized...it's only the follow-through that's lacking.

The book's high point is Chapter 3 (Paying Bills). Here the author does an admirable job of describing the excruciatingly convoluted process of check clearance. It would seem to be the dullest subject imaginable, but Mayer brings it to life -and I suspect he does such an admirable job because he has a flair for showing the quirkiness in any subject under the sun. The biggest disappointment of the book is how Mayer is compelled to entangle his journalistic prominence with whatever other point he wants to make ("A team of television journalists came from a Japanese network to visit me in Washington..."). Once again, there are some terrific insights, and some entertaining one-liners. It's just that the perspective one receives seems indulgently biased, and not particularly comprehensive.

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