by Philip Augar · Portfolio · tapa dura · ISBN 9781591840879
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«The Greed Merchants» is an essay by Philip Augar on investment banking, published by Portfolio in hardback (288 pages, in English).
Former banker Philip Augar analyzes how major investment banks make money acting for buyers, sellers, and themselves, without competing on commissions. He argues that Wall Street operates as an oligopoly with low risks and high profits, and shows the cost to companies and shareholders.
Originally published on 21 April 2005, it includes bibliographic references and an index and was longlisted for the Financial Times Business Book of the Year 2005.
For readers of economics and finance seeking a critical view of the US financial sector from a former banker's perspective.
