In This Review

The Failure of the Franklin National Bank: Challenge to the International Banking System
The Failure of the Franklin National Bank: Challenge to the International Banking System
By Joan Edelman Spero
Columbia University Press, 1980, 235 pp.

The core of this interesting book is a case study of how a moderate-sized American bank plunged into alien activities, fell into the hands of dubious characters, and failed. To this account, Professor Spero of Columbia has added a suggestive analysis of the ways in which this unfortunate case raises broader questions about the international activities of American banks and national and international banking regulations.