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McKinsey Quarterly is the business journal of McKinsey & Company.

featured Risk, Banking Risk article, What’s next for US banks

June 2009 

What’s next for US banks

Two different kinds of accounting—fair value and hold to maturity—have created two different kinds of crises. One is almost over. The other is only beginning.

Recent Thinking

The Archive

2004

2003

  • November 2003 

    Running with risk

    It’s good to take risks—if you manage them well.

  • February 2003 

    The allure of distressed debt

    Although investors in distressed debt will probably have to accept recovery rates lower than those of years past, the market does have its attractions.

2002

  • November 2002 

    How to win in a financial crisis

    When is a good time to make strategic advances? During a crisis, of course.

  • June 2002 

    Preparing for a financial crisis

    Companies can do much to avoid falling victim to sudden national financial emergencies. Although the tally of such events is rising, many businesses remain unprepared for them.

2001

  • November 2001 

    Getting international banking rules right

    Significant changes in the proposed new Basel Capital Accord are needed to avoid placing unintended burdens on banks and discouraging them from embracing the sophisticated risk-management practices it was intended to promote.

  • August 2001 

    Caveat vendor

    Telecom-equipment suppliers extended billions in vendor financing to aggressive start-ups and wireless companies. Many of them are now struggling or bankrupt—and their suppliers are suffering, too.

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