Banc one corporation: Asset and liability management

Esty, Ben, Tufano, Peter and Headley, Jonathan (1994) Banc one corporation: Asset and liability management. Journal of Applied Corporate Finance, 7 (3). pp. 33-52.


Banc One's share price has been falling recently due to analyst and investor concern over the bank's heavy use of interest rate derivatives. Dick Lodge, chief investment officer in charge of the bank's investment and derivative portfolio, must recommend to the CEO a course of action to allay investors' fears and communicate to the market the reasons for Banc One's use of derivatives. The bank uses interest rate swaps to manage the sensitivity of its earnings to changes in interest rates and as attractive investment alternatives to conventional securities.

Item Type: Article
Keywords: Risk Assessment; Derivatives; Financial management; Financial statements; Interest rates; Liability; finance
Subject(s): Finance
Date Deposited: 23 Aug 2012 10:39
Last Modified: 24 Feb 2017 15:26
Funders: N/A

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