What's a Bank Worth

Financial institutions are typically excluded from any valuation model. This book takes the residual income model and successfully shows how to apply it to the valuation of financial institutions. Residual income models can be used to value banks and other financial institutions both in times of economic growth and in times of crisis. In addition, this book delves into a range of themes associated with valuations such as financial crisis through the ages, the impact of news on valuation, and Value at Risk.