HOBOKEN, N.J.--(BUSINESS WIRE)--Near Wall Street, a protestor wears a dollar bill covering his mouth and carries a sign reading "I could lose my job for having a voice." Award winning, veteran sell side Wall Street analyst Mike Mayo has, and is in a unique position to write about one of the biggest financial and political issues of our time - the role of finance and banks in our country.
No third party observer, Mayo has his share of battle scars from calling truth to power at some of the largest banks in the world. In EXILE ON WALL STREET: One Analyst's Fight to Save the Big Banks from Themselves (Wiley; November, 2011; hardcover and e-book), he lays out practices that have diminished capitalism and the banking sector, and shares how he survived challenging the status quo to be credited as one of the few who saw the crisis coming. He has worked at six Wall Street firms, analyzing banks and protesting against bad practices for two decades.
EXILE ON WALL STREET blows the lid off the true inner workings of the big banks and shows the ways in which Wall Street is just as bad today as it was pre-crash. Mayo analyzes the fallout stemming from the market crash, pointing out the numerous holes that still exist in the system, and offers practical solutions. His analysis and his book are reported in his trademark fearlessness and candor.
EXILE ON WALL STREET is a gripping read for anyone with an interest in business and finance, U.S. capitalism, the future of banking, and the root causes of the financial meltdown. While it provides an education, this is no textbook. It is also an invaluable resource for finance practitioners and citizens alike.
About the Author
Mike Mayo is one of the top-ranked banking and finance analysts of the past twenty years. Mayo was the only analyst to testify during the Senate Banking Committee hearings in 2002 on conflicts of interest on Wall Street, and in 2010 he testified again, this time as the first analyst to speak on the causes of the crisis. He has worked at Wall Street firms including Credit Suisse, Deutsche Bank, Lehman Brothers, Prudential Securities and UBS. He currently serves as Managing Director at Credit Agricole Securities (USA) Inc, which provides services in the United States for CLSA, an independent global brokerage. In 2008, Fortune named him one of "Eight Who Saw the Crisis Coming."
Praise for Exile on Wall Street:
"Mike Mayo is an old-style bank analyst-thorough, independent, honest-who never pulls his punches, whatever icons, public or private, may be wounded."
-Paul A. Volcker, former chairman of the Federal Reserve
"Exile on Wall Street offers Wall Street's rarest commodity: the truth about our nation's largest banks and how they almost toppled capitalism. If you want to know the sickening truth about the largest banks, read Mike Mayo's exposé."
-Harry Markopolos, author of No One Would Listen
Contacts
Wiley
Jocelyn Cordova, 201-748-6249
jcordova@wiley.com
or
Mary Beth Kissane, 212-590-0536
mbkissane@walek.com
or
Nelli Chowdhury, 212-590-0537
rchowdhury@walek.com