Once upon a time, in Autumn 2004 whilst working at the Bank of England, I went on a 3 day course entitled “Analysing Banks’ Accounts” or some such.
We had an external trainer (who also did a lot work for investment banks, training their analysts) and learned about bank balance sheets, wholesale funding markets, the inter-bank market, etc, etc.
As a case study throughout the course we looked at Allied Irish Bank – an excellent example of the “new banking model” with innovative use of securitisation, an extremely efficient balance sheet and booming profits and loan growth.
Today Allied Irish Bank is on the verge on default.
I wonder what case studies that course is using nowadays?