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The Moneychangers

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The "New York Times" Number One bestseller from 1976 is back in this great new package. As the day begins at First Mercantile American Bank, so do the high-stake risks, the public scandals, and the private affairs. It is the inside world where secret million-dollar deals are made, manipulated, and sweetened with sex by the men and women who play to win. The "New York Times" Number One bestseller from 1976 is back in this great new package. As the day begins at First Mercantile American Bank, so do the high-stake risks, the public scandals, and the private affairs. It is the inside world where secret million-dollar deals are made, manipulated, and sweetened with sex by the men and women who play to win.


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The "New York Times" Number One bestseller from 1976 is back in this great new package. As the day begins at First Mercantile American Bank, so do the high-stake risks, the public scandals, and the private affairs. It is the inside world where secret million-dollar deals are made, manipulated, and sweetened with sex by the men and women who play to win. The "New York Times" Number One bestseller from 1976 is back in this great new package. As the day begins at First Mercantile American Bank, so do the high-stake risks, the public scandals, and the private affairs. It is the inside world where secret million-dollar deals are made, manipulated, and sweetened with sex by the men and women who play to win.

30 review for The Moneychangers

  1. 5 out of 5

    W

    The dry subject of banking,finance and investing becomes very entertaining in Hailey's hands. The president of a bank is dying and there are two contenders to take over from him. One of them plays it fair while the other would resort to any means to achieve his objective. There are several intriguing subplots,as in most Hailey books. There is the little guy,this time in the form of a bank teller who gets charged with stealing. There is a mid level executive who is crooked enough to want others to The dry subject of banking,finance and investing becomes very entertaining in Hailey's hands. The president of a bank is dying and there are two contenders to take over from him. One of them plays it fair while the other would resort to any means to achieve his objective. There are several intriguing subplots,as in most Hailey books. There is the little guy,this time in the form of a bank teller who gets charged with stealing. There is a mid level executive who is crooked enough to want others to take the blame for his crimes.Hailey takes a look at currency and credit card fraud and the involvement of the mafia. An investment guru offers financial and investment advice. This echoes Hailey's own views and his preference for gold as the best investment to protect against the volatility of financial markets. Another chapter deals with how rumours can jeopardize the solvency of a bank if most of its depositors feel uncertain enough to want to withdraw their money at once. All these elements are skilfully combined to create a suspenseful story.This is a novel about greed, corruption and the consequences that follow. This is a top-notch financial thriller, the pace never slackens.

  2. 5 out of 5

    Scycer

    How does this man do it. Take an industry learn it and then churn out a story. His pace is not adrenaline pumping nor is there any dead zones. It just flows so smoothly that once you start at page one it just turns until you find yourself staring at the last page. Money Changers is about the banking business, especially corporate banking. It gives an insight into the world of lending and borrowing works, with a great interplay between profit and ethics.Bankers indeed never seem to have time for How does this man do it. Take an industry learn it and then churn out a story. His pace is not adrenaline pumping nor is there any dead zones. It just flows so smoothly that once you start at page one it just turns until you find yourself staring at the last page. Money Changers is about the banking business, especially corporate banking. It gives an insight into the world of lending and borrowing works, with a great interplay between profit and ethics.Bankers indeed never seem to have time for anything else other than work. For those reading it beware it a book released before internet hit our world and talks about the possibility of core banking being installed and suggests automated teller machines not as a stand alone but connected to a grid of tellers sitting at a computer some where far away. There is a right mix of jargon and the introduces the lay reader to many processes that are in the banking framework. It is indeed a joy to read as one see's Arthur Hailey deft weave not only the growth of the character but the very greed of man to touch the vice that will pull him down. Beautifully written, a definite good read.

  3. 5 out of 5

    A Man Called Ove

    This was my 6th book by Hailey and thankfully this was one of the better ones along with Airport. Hailey is so repetitive and formulaic. I think he used "Find and Replace" option to write all his novels after the first one. Replace character names, replace technical terms of industry, replace setting of events - and you have a new Hailey novel in a different setting. Or maybe there is an X factor too - Hailey magic, that makes us return every now and then to pick up another novel. Afterall, the This was my 6th book by Hailey and thankfully this was one of the better ones along with Airport. Hailey is so repetitive and formulaic. I think he used "Find and Replace" option to write all his novels after the first one. Replace character names, replace technical terms of industry, replace setting of events - and you have a new Hailey novel in a different setting. Or maybe there is an X factor too - Hailey magic, that makes us return every now and then to pick up another novel. Afterall, the pacing is even and he never gets boring even at his worst. Recommended read for fiction-lovers.

  4. 5 out of 5

    Priyanka

    My second-favourite Hailey. Someone like me, who finds business- , finance- , stock market-related subjects boring, couldn't put it down. Simply brilliant! My second-favourite Hailey. Someone like me, who finds business- , finance- , stock market-related subjects boring, couldn't put it down. Simply brilliant!

  5. 5 out of 5

    Harshita

    Whenever I read a novel by Arthur Hailey, I’m amazed at the amount of research that has gone into writing it. He has written books on power plants, airports, hotels and even doctors - every book seems to be written from an insider’s point of view. This book is no different. This book is about an American bank First Mercantile American in 1970s. At the start of the book, Ben Rosseli, the president of the bank announces that he has incurable lung cancer and will die soon. Consequently, the two vic Whenever I read a novel by Arthur Hailey, I’m amazed at the amount of research that has gone into writing it. He has written books on power plants, airports, hotels and even doctors - every book seems to be written from an insider’s point of view. This book is no different. This book is about an American bank First Mercantile American in 1970s. At the start of the book, Ben Rosseli, the president of the bank announces that he has incurable lung cancer and will die soon. Consequently, the two vice-presidents, Alex Vandervoot and Roscoe Hayward start aggressive campaigning for the post of the president. Both characters are well-developed with shades of grey. Roscoe Hayward is in a loveless asexual marriage and believes that wooing big businesses is the way forward for the bank. Alex Vandervoot is in a relationship outside of his marriage with a left-wing activist lawyer and his own wife is in an asylum due to schizophrenia. He is more populist and public-friendly in his vision for the bank. An insider robbery also makes side-plot in the novel and is written rather well. The functioning of the bank branches is described very well by Arthur Hailey. The most impressive detail according to me was about ATMs. So there’s a passage in the book that goes like this - “…Neither we nor our competitors can go on affording the gilded sepulchres we have as branch banks now…In ten years, half-at least-of our present branch banks will have ceased to exist as we know them. We’ll retain a few key ones. The rest will be in less expensive premises, totally automated, with machine tellers, TV monitors to answer queries, and all linked to a computer centre…” This novel was released in 1975. The patent for first ATM was given in 1970. Arthur Hailey managed to predict such a major change in banking. I’m sure he must have researched a great deal and talked to bankers while writing this book. This is the depth of detail to which he went in his novels! I believe that a book review should be detailed enough to engage and intrigue a reader but crisp enough to not reveal any major plot-lines. With this thought I end my review and recommend this book for readers of good old-fashioned fiction.

  6. 4 out of 5

    John

    I am somewhat irritated that the villain is an uptight Episcopalian, but at least Hailey does make him struggle with his conscience. The book did give interesting insights into the moral issues of American banking about 25 years ago. I was originally led to read it by the opening pages which set up an interesting quasi-locked-room back theft, but it was solved early on and became peripheral to the main plot.

  7. 4 out of 5

    Girish

    Well Researched. Crisp story. Interesting tid-bits. The characters have a pre 1990 feel with clearly defined heroes and villains.. Technology seems like an afterthought(which itself is amazing since it was written in 1975).. Crimes seem less sophisticated.. Memorable characters.. Very futuristic on Corporate Governance and Insider trading.. Gold Standard explained.. This is a fun way to know an industry.. Read Hailey!

  8. 4 out of 5

    L.

    While some things show the age of this book (credit cards with a limit of $50!), others show that old axiom the more things change the more they stay the same is as true as always. Financial houses made of cards, businesses too big to fail - that do, greedy bastards who want even more, while the 99% don't really play much of a role in this story. Sound familiar? While some things show the age of this book (credit cards with a limit of $50!), others show that old axiom the more things change the more they stay the same is as true as always. Financial houses made of cards, businesses too big to fail - that do, greedy bastards who want even more, while the 99% don't really play much of a role in this story. Sound familiar?

  9. 4 out of 5

    Jeff Mayo

    I am not a Hailey fan, he tends to write overblown pulp trash about industries. This is no different, a 450 page look at the banking industry in the 1970's. In many ways this is typical Hailey. He has a cast of characters so long that it is hard to keep track of them all. They have intersecting story lines, which range from boring to preposterous. Hailey does do something in this book he hadn't done in his previous books that I read (Airport and Wheels), he kept me wondering until the end how he I am not a Hailey fan, he tends to write overblown pulp trash about industries. This is no different, a 450 page look at the banking industry in the 1970's. In many ways this is typical Hailey. He has a cast of characters so long that it is hard to keep track of them all. They have intersecting story lines, which range from boring to preposterous. Hailey does do something in this book he hadn't done in his previous books that I read (Airport and Wheels), he kept me wondering until the end how he was going to resolve the most important story line. I did find that ending anticlimactic, but he made up for that by rounding out the characters. The protagonist is somewhat of an antagonist just below the surface, and the antagonist has some qualities that would otherwise make him a protagonist. Some interesting parts, but as a whole, it is merely average.

  10. 5 out of 5

    Anthony

    An exceptionally interesting novel. This is my first read of a fictional piece with the banking industry in center focus. Although published in 1975, at a time when major (and other smaller) businesses had concluded that for their firms to compete they must be computerized. This realization began sometime in the early 60's. However, on-line banking was still on the far horizon, as were pc's. This of course, changed everything. What didn't change and will never change is that a bank's existence i An exceptionally interesting novel. This is my first read of a fictional piece with the banking industry in center focus. Although published in 1975, at a time when major (and other smaller) businesses had concluded that for their firms to compete they must be computerized. This realization began sometime in the early 60's. However, on-line banking was still on the far horizon, as were pc's. This of course, changed everything. What didn't change and will never change is that a bank's existence is dependent on them to continue to turn a profit in order to remain viable. Everything stems from that. Of course I'm stating the obvious, but I do so to point out the fact that as it was in 1975, so it is in 2021. That's why I found this book so interesting, in that Hailey did a deep dive into the inside workings of the industry and brought to light things that the genpop are blissfully ignorant of. Totally worth the read.

  11. 4 out of 5

    Pawan

    http://iandbooks.wordpress.com/ This is another gem of a book from Arthur Hailey about Banking and how Banks function. When I read this book, Banks were just boring place for me where you go to put your money or take it out. In his usual style and very well researched book “The Moneychangers” he opened my eyes to functioning of Banks. The story has all the drama and feel of a thriller but at the same time teaches you a lot. The protagonist of the book is running for the top position at the Bank a http://iandbooks.wordpress.com/ This is another gem of a book from Arthur Hailey about Banking and how Banks function. When I read this book, Banks were just boring place for me where you go to put your money or take it out. In his usual style and very well researched book “The Moneychangers” he opened my eyes to functioning of Banks. The story has all the drama and feel of a thriller but at the same time teaches you a lot. The protagonist of the book is running for the top position at the Bank and has to fight a rival to get there. The story revolves around this fight between two ambitious individuals and takes us into murky politics of power in Banking industry. But the beauty of book for me was not in the main story. There were many sub-plots and details about various functions of Bank which made it more interesting for me. There are two specific things which are still fresh in my mind about this book. There is a depiction in the story about how a rumour can ruin a Bank if suddenly all the depositors come to the Bank to withdraw the money. The Banking industry works on the basis of taking money from people and then investing it to make more money. If everybody comes to ask their money back at the same time, no Bank would be able to return it and would go bankrupt. Banking works on trust of depositors and if that is lost, Bank is gone. Much later I had read a short story to the similar effect but more about that some other time. In this book, the protagonist saves the Bank by making sure that all the people who turned up to get their money got it, but in reality it will most likely result in bankruptcy. Another incident is about a teller who is able to keep track of her cash to the last penny while doing all the transactions and how her ability saves her from the accusation of theft. Overall, a great book. I am able to remember so much even after 20 years. I wish I could remember my text books like that.

  12. 4 out of 5

    Paula Dembeck

    This review has been hidden because it contains spoilers. To view it, click here. The CEO of the First Mercantile American Bank is ill and dying. Two high ranking VPs have been groomed for the position: Alex Vandervoot is honest and focused on growing the bank; Roscoe Heyward is suave, skilled in boardroom politics and favors catering more to business than customers. Vandervoot has a troubled life – his wife is in a psychiatric institute and he has developed a relationship with Margot Bracken, a radical attorney and political activist several years his junior. Heywood is a de The CEO of the First Mercantile American Bank is ill and dying. Two high ranking VPs have been groomed for the position: Alex Vandervoot is honest and focused on growing the bank; Roscoe Heyward is suave, skilled in boardroom politics and favors catering more to business than customers. Vandervoot has a troubled life – his wife is in a psychiatric institute and he has developed a relationship with Margot Bracken, a radical attorney and political activist several years his junior. Heywood is a devout Episcopalian who strives to maintain an air of personal integrity and morality but sacrifices both in pursuit of the presidency. As they pursue the battle for the presidency, various banking issues are discussed: credit card fraud, inflation, subprime lending, insider trading etc. An economic recession hits and the bank has made a large loan to a dishonest multinational conglomerate. The bank goes into default. One of the VPs commits suicide and the other assumes the presidency of the half ruined bank. Hailey always provides a good read and gives you insight into some of the issues described in the context of his stories.

  13. 4 out of 5

    Debapriya Ghosh

    Reread this after a long time. Actually, I didn't even realize that I had read this earlier, way back in my teens, until a few plot-lines started to appear familiar. Arthur Hailey is known for his deep research on the topics that he picks up, and then weaving an interesting story around his observations and learning. This one is based on the banking system in 70s. Though quite a few things have changed in how banks and financial system works today, but the core concepts still remain relevant, jus Reread this after a long time. Actually, I didn't even realize that I had read this earlier, way back in my teens, until a few plot-lines started to appear familiar. Arthur Hailey is known for his deep research on the topics that he picks up, and then weaving an interesting story around his observations and learning. This one is based on the banking system in 70s. Though quite a few things have changed in how banks and financial system works today, but the core concepts still remain relevant, just as the human factors driving those - greed, ambition, altruism, and personal inner conflicts of morality and rationality. It was great fun to read and learn many things about the workings of the financial system in general. Many have complained about the style of prose, but Hailey was a story-teller and not a poet. And his literary style might not be classical, but is not vain either.

  14. 5 out of 5

    Vivek

    Always been in awe of how detailed the inside workings of the industry Arthur Hailey picks as the basis of his fast paced thrillers - this time being the retail banking industry back in the 70s . The politics, the intrigue and the drama - a regular sleaze potboiler around power and greed. Whilst the drama is regular, you do glean a lot of nuggets of info on counterfeiting and the banking system too.

  15. 5 out of 5

    Belinda Turner

    The Money Changers gives a view of the banking industry as it was during the late 1960’s and early 1970’s. Mr. Haley researched it thoroughly. The characters are well drawn, and the plot is interesting and intricate, since it involves several related stories about the employees, executives, and board members of a bank.

  16. 5 out of 5

    Raunak Ramakrishnan

    An Arthur Hailey classic on the innards of the Banking System before the now ubiquitous internet banking. The plot winds its way through counterfeiting, bank heists, phony companies and general corporate culture in the largest banks. A very interesting read.

  17. 4 out of 5

    Tao

    Maybe a little outdated, but still a good read. A very informative thriller about banking, fake money, and crimes.

  18. 5 out of 5

    Teddy

    This book is left of center. Had a good plot that kept my interest. Had some bad language. I wouldn't reccommed you buy it. I read it because it was handy. This book is left of center. Had a good plot that kept my interest. Had some bad language. I wouldn't reccommed you buy it. I read it because it was handy.

  19. 4 out of 5

    Luke Faraone

    Amusing, but very dated. Not recommended for the faint of heart, as it contains some pretty heavy stuff. Good if you're really bored. Amusing, but very dated. Not recommended for the faint of heart, as it contains some pretty heavy stuff. Good if you're really bored.

  20. 5 out of 5

    AndrewP

    Not as good as the other books I have read by him, but I gave it an extra star because I happened to be working for Bank of America at the time and a lot of it rang true.

  21. 4 out of 5

    Margaret Boehm

    Very good novel once you get past all the info on banking the first couple of chapters.

  22. 5 out of 5

    Narayanan Kanagarajan

    Arthur Hailey’s “The Moneychangers” is a story spun around a leading private Bank. With seventy years of experience behind it and some eighty branches spread in the geographical sprawl of America to serve its customers, particularly low-class people, the once famous Bank is running through a turbulent period. The novel written in mid-seventies mesmerised the readers, especially those connected with banking profession. Even at that time, Hailey touched on swiping of credit cards and automated tel Arthur Hailey’s “The Moneychangers” is a story spun around a leading private Bank. With seventy years of experience behind it and some eighty branches spread in the geographical sprawl of America to serve its customers, particularly low-class people, the once famous Bank is running through a turbulent period. The novel written in mid-seventies mesmerised the readers, especially those connected with banking profession. Even at that time, Hailey touched on swiping of credit cards and automated teller machines in the banking industry. The associated skimming of cards did happen in those days even! The activities in the Trust Department at H.O. of the bank monitoring the cash reserves just by playing with the keyboards in a computer room would surprise the present readers. The embezzlement by a staff, the consequences arising out of that, the heirless President getting sick, the necessity of choosing an able person to head the Bank and the greed among the Directors of the Bank were told with nicety by Arthur Hailey. A sudden disappearance of 6000 dollars in the cash counter sets the novel on a fast track. The needle of suspicion is falling on a lady teller. The investigation by the Audit team of the Head Office has found out the real culprit - the assistant cash officer, Miles Eastin, much to the relief of the suspected lady teller. After the formalities by FBI, the dishonest employee gets dismissed from the services of the Bank and landed in jail. He undergoes a plethora of sufferings in the prison. What led to Miles Eastin’s downfall is his addiction to gambling that has forced him to borrow at heavy interest rate from heartless money lenders. One ruthless loan shark Russian Ominsky has totally demoralised Miles Eastin. There are several tracks in the story. The personal stories of two top executives and the Security Chief of the bank form one track. The hand-to-mouth life led by the female employee , Juanita living in a small apartment with her three year old daughter, the determination of Miles Eastin to lead a decent life after release from the prison and his connection with the female employee form another track. The Security Chief of the Bank, Nolan Wainwright, himself a former Police Chief, being bent on locating the source from where the counterfeit cards and notes emanate and then mingle with the legal tender provides another track. The Security Chief is making full use of his contacts with the City Police and FBI in tracing out the racket behind this counterfeit business. He is roping in the services of the dismissed employee of the Bank just after his release. Upon the idea of the Security Chief, Eastin joins the underground gang who accept him into their fold as his past records convince them that Miles Eastin would be a useful guy for their nefarious activities. The Security Chief also seeks the help of Juanita Núñez, the sharp cashier of the downtown branch for the job. She concedes after initial hesitation. Eastin passes vital information to Nolan Wainwright, the Security Chief, through Juanita. This forms a different track One of the top executives, Roscoe Heyward, is lured by a bad-intentioned business tycoon. Roscoe has fallen in the trap. Roscoe has brought the shadowy business to the bank. The Bank’s board sanctions the loan with a lone objection from Alex Vandervoort. The bank is persuaded to buy heavy bulk of shares of the subsidiaries of the pseudo tycoon. The real picture emerges bringing disgrace and heavy loss to the bank. The magnate has fled to Costa Rica escaping extradition. News spreads. There is a ‘run’ on one of the branches of the Bank. Further bad publicity ensues. The bad elements come to know of the part played by Miles Eastin. They hold Juanita and her daughter to ransom forcing Miles Eastin to shed his hideout. He is surrendering himself. Juanita and her daughter are released and on Juanita’s tip-off, police swoop down on the underworld gang. Alex is cleverly managing the crisis and saves the Bank. Roscoe commits suicide. Alex is made the President unanimously. His lady love Margot Bracken congratulates him and hugs him. Miles Eastin is reinstalled into the bank giving him a rehabilitation and Juanita takes him to live a happy life. An interesting and unputdownable novel. A super entertainer!

  23. 4 out of 5

    Prabhat sharma

    The Moneychangers (Paperback) 1975 by Arthur Hailey Novel on Banking industry in USA. The story is about who would be CEO of the First Mercantile American Bank. Two high ranking esecutives Alex Vandervoort and Roscoe Heyward. First favours upgrading banking operations by adopting new developoing technology while the latter is an expert at baord management and taking decisions at highest level of banking operations. Main characters- Senior bank teller Mles Easten who defrauds the bank and blames The Moneychangers (Paperback) 1975 by Arthur Hailey Novel on Banking industry in USA. The story is about who would be CEO of the First Mercantile American Bank. Two high ranking esecutives Alex Vandervoort and Roscoe Heyward. First favours upgrading banking operations by adopting new developoing technology while the latter is an expert at baord management and taking decisions at highest level of banking operations. Main characters- Senior bank teller Mles Easten who defrauds the bank and blames Juanita Nunez who is also a teller operator and a single mother. Miles is arrested for fraud and jailed. Here he comes in contact with credit card forgers who wish to appoint him for quick money. After completing his term in jail, Miles contacts the head of security of Bank, Nilan Wainwright who offers him to be an undercover agent of the forgers. He has to report to Juanita Nunez. The forgers discover the plot and capture both Miles and Juaninta. Juanita is released as they are unable to make her identify the undercover aagent. She informs the police and helps to locate Miles who is also resuced. They are offered jobs outside the state. Vandervoort advances in banking but has less time for his family. His wife celiina takes help of psychiry for mental health. Vandervoort develops relation with Margot Bracken an attorney less than his age. The book brings out credit card fraud, embezzlement, inflation, subprime lending, inside trading in banking. Roscoe sanctions a big loan to Supranational corporation, a multinational corporate. The ECO GG Quartermain is unable to pay the loan and commits suicide. The depositors, shareholders and employees of the bank are disturbed. The board of directors name Vandervoort as the new CEO. After 1975, banking industry has changed and adopted modern technology. Process of providing loans is examined from finanical data about the person and company. Still the book is legenry and serials made on the story are remenbered. It is a must read for all.

  24. 5 out of 5

    Ed

    A 1975 novel of the banking industry by author Arthur Hailey. Author Hailey is known for painstaking research into the various industries on which he based his novels; he took his time, producing only 11 novels over the span of 40 years. Here he takes on the banking industry, with a detailed look at the year following the announcement of his impending death by bank president Ben Roselli. Two execotive-VP are the obvious candidates, but the board id deadlocked and name a VP facing mandatory retir A 1975 novel of the banking industry by author Arthur Hailey. Author Hailey is known for painstaking research into the various industries on which he based his novels; he took his time, producing only 11 novels over the span of 40 years. Here he takes on the banking industry, with a detailed look at the year following the announcement of his impending death by bank president Ben Roselli. Two execotive-VP are the obvious candidates, but the board id deadlocked and name a VP facing mandatory retirement in a little over a year as interim president. Absorbing plot, fine characterizations, and a suspenseful battle as the two E-VP'splot their path to the top. Ben Roselli, president of First Mercantile American Bank and grandson of the founder, makes the shocking announcement that he’s dying. With no offspring to inherit the company, Roselli knows that executive VPs Roscoe Heyward and Alex Vandervoort are the obvious candidates to succeed him. Heyward, who has been with First Mercantile for two decades, will do whatever it takes to bring in new clients and win the coveted presidency. Vandervoort, a newcomer from the Federal Reserve with a left-wing girlfriend, advocates for a socially responsible plan of growth. And now the discovery of counterfeit cash and credit card fraud threatens the future of the bank itself. From the day-to-day business dealings to the inner sanctums of the money trading center and the boardroom, Hailey’s novel is a riveting tale of ambition, greed, and the US banking system.

  25. 4 out of 5

    Shivakumar Srinivasan

    I have always enjoyed Arthur Hailey and vividly remember the Airport as the first book I read while just out of school and got me hooked and I rapidly devoured his other hits. But for some strange reason, I never read Moneychangers, probably because for an impressionable fifteen year old the world of Airports or Hotels or Hospitals or Newspapers were more fascinating than boring old banking. And was I glad I got around to finally reading this, and thoroughly enjoyed it. MoneyChangers was release I have always enjoyed Arthur Hailey and vividly remember the Airport as the first book I read while just out of school and got me hooked and I rapidly devoured his other hits. But for some strange reason, I never read Moneychangers, probably because for an impressionable fifteen year old the world of Airports or Hotels or Hospitals or Newspapers were more fascinating than boring old banking. And was I glad I got around to finally reading this, and thoroughly enjoyed it. MoneyChangers was released in 1975, and the story is set around a large US bank and its operations. It about a genteel era of banking,some would call it its glory days, when banks were physical institutions with branches and tellers and transactions were done by real people . It talks of an era where clients would queue up in front of counters to take out or deposit cash. An era when loan officers knew customers and actually met people who lent money. Where $50 million was considered a big exposure and senior bank executives earned $65,000 a year .when ATM’s were just getting introduced and credit cards were just getting launched, where there were no mobile phones or internet. Surreal for the generation today to wonder how the industry worked then Hailey, like his previous books, captures the essence of the industry and its characters and spins a fine tale of Banks and Bankers, their greed and ambition and conflicts, and surprisingly most of the incidents and conflicts still abound and explode periodically in the industry today. That is a hallmark of a timeless classic. This book is surely a good read and Would have made for a very fine movie.

  26. 4 out of 5

    Olivermagnus

    The presidency of First Mercantile American Bank is about to become vacant due to the terminal illness of Ben Roselli, the current CEO, whose grandfather founded the bank. Two high-ranking executives will now have to compete for the position. Alex Vandervoort, our hero, is honest, caring, and focused on growing FMA through retail banking and embracing emerging technology. Roscoe Heyward, our villain is suave, hypocritical, and has plans more favorable to big business. Alex has a troubled personal The presidency of First Mercantile American Bank is about to become vacant due to the terminal illness of Ben Roselli, the current CEO, whose grandfather founded the bank. Two high-ranking executives will now have to compete for the position. Alex Vandervoort, our hero, is honest, caring, and focused on growing FMA through retail banking and embracing emerging technology. Roscoe Heyward, our villain is suave, hypocritical, and has plans more favorable to big business. Alex has a troubled personal life. His mentally ill wife has been instituitonalized for years and his girlfriend is a "radical" lawyer and activist. Roscoe is a devout Episcopalian who has some hard decisions to make as his quest for power overwhelms him. There are numerous other characters and plotlines that kept me mesmerized. The Moneychangers was published in 1975, long before the wave of bank mergers that began in the 1980s. It was strange to remember that banks used to only be open from 9 am to 3 pm. When Alex describes a "new technology" that he wants to implement I realized he was talking about an ATM. I can't even imagine how banking was done before that invention. This was the perfect book for me to read in the era of Coronavirus distancing. I sat outside in my comfy reading chair, dog by my side, and became immersed in a lurid and well written tale, albeit somewhat dated. Sometimes a cliched bestselling blockbuster can do the trick. TBR 159

  27. 5 out of 5

    Patrick DiJusto

    It's a successful formula. Arthur Haley takes an industry -- hotels, airports, or in this case banks --researches the hell out of that industry, throws a connect-the-dots fictional plot over that research, and voila, he produces a best-selling novel. Apparently Haley's research is top-notch. you could get a very good idea of how hotels operated in the early 1960s, how the airlines operated at the cusp of the 1970s, and how banks operated in the mid-1970s, just by reading his novels. The overlaid It's a successful formula. Arthur Haley takes an industry -- hotels, airports, or in this case banks --researches the hell out of that industry, throws a connect-the-dots fictional plot over that research, and voila, he produces a best-selling novel. Apparently Haley's research is top-notch. you could get a very good idea of how hotels operated in the early 1960s, how the airlines operated at the cusp of the 1970s, and how banks operated in the mid-1970s, just by reading his novels. The overlaid fictional plots are nearly identical in each of the books. There's a good guy who runs the place, there's his antagonist who wants to run the place differently, there's a woman who made it to a high-ranking position in the industry through her own brains and hard work, and she happens to be in love with the good guy. In each of the novels there's also the guy who wants to kill himself, the OTHER guy who wants to kill himself, and various hypercompetent people who do their jobs well, especially in a crisis. And the crisis always shows up. The antagonist makes the crisis worse, the good guy has to make things better with the help of the hypercompetent, the self-made woman works hard to also make things better but on her own terms. And the guy who wants to kill himself finds new purpose in life by working through the crisis. The end.

  28. 4 out of 5

    Judy Zell

    Very interesting, and only slightly outdated, story about banking, counterfeiters, and an Enron-like accounting scandal. Some parts as true today as 40 years ago, such as: "People didn't believe any more what they were told; they had become too accustomed to being deceived and lied to. In the recent past, they had been lied to by their President, other government officials, politicians, business, industry. Lied to by employers, by unions. Lied to in advertising. Lied to in financial transactions Very interesting, and only slightly outdated, story about banking, counterfeiters, and an Enron-like accounting scandal. Some parts as true today as 40 years ago, such as: "People didn't believe any more what they were told; they had become too accustomed to being deceived and lied to. In the recent past, they had been lied to by their President, other government officials, politicians, business, industry. Lied to by employers, by unions. Lied to in advertising. Lied to in financial transactions .... Deception had been piled on deception until lying - or, at best, distortion and failure to make full disclosure - had become a way of life." Could well apply to our current corona virus problems.

  29. 4 out of 5

    Prakash C Rao

    Arthur Hailey's forte is an insider view on an entire industry. His deep insights speak of much research. In HOTEL he explores the hotel industry; in WHEELS he explores the automobile industry; in AIRPORT he tackled aviation. His characters are proponents within the industry, often misunderstood, idealistic and charismatic. The book is a wonderful journey through the world of financial institutions, credit card issuers, and banks. Though a little dated, the human drama remains the same to this d Arthur Hailey's forte is an insider view on an entire industry. His deep insights speak of much research. In HOTEL he explores the hotel industry; in WHEELS he explores the automobile industry; in AIRPORT he tackled aviation. His characters are proponents within the industry, often misunderstood, idealistic and charismatic. The book is a wonderful journey through the world of financial institutions, credit card issuers, and banks. Though a little dated, the human drama remains the same to this day, though the means may have changed as has the technology. I read this book several decades ago and re-read it recently to find the same freshness in Hailey's writing and the same page turning eagerness I had when I first read the book.

  30. 4 out of 5

    Chaitalee Ghosalkar

    Three and a Half Stars Despite the length, the book feels short. The writer has included various topics like forgery, cash theft, day to day dealings of a bank, and innumerous shady dealings along with the usual drama to give it a spicy flair. Perhaps the reason for the earlier sentiment is because at the start, several characters are introduced, and the reader is made to believe that they are all important. However, they fade into oblivion as the book progresses. Would the book have gained if le Three and a Half Stars Despite the length, the book feels short. The writer has included various topics like forgery, cash theft, day to day dealings of a bank, and innumerous shady dealings along with the usual drama to give it a spicy flair. Perhaps the reason for the earlier sentiment is because at the start, several characters are introduced, and the reader is made to believe that they are all important. However, they fade into oblivion as the book progresses. Would the book have gained if less focus had been given on amorous details? Certainly. That said, this one is certainly better than some other stuff that the author’s churned out.

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