Tom Spencer

OCTOBER 26, 2019

Depending on the firm and specific role this case could be very strategic and operational like doing a market entry/growth-type case or very technical (i.e. building financial models like DCF, accretion/dilution, LBO, etc.). Reduced labor costs : eliminating staffing redundancies can help reduce costs. Potential Drawbacks.

Balance Sheet 60

Balance Sheet Case Interview Case Study Case Studies 60

MishTalk

AUGUST 6, 2013

Minyanville Business and Market News. Get Involved The State of the Unions Finances: A Citizens Guide. Balanced Budget Ammendment Sign the Balanced Budget Petition. China Financial Markets. Financial Sense. Market Oracle. Market Ticker. Real Clear Markets. Feds Balance Sheet.

Balance Sheet 68

Balance Sheet Analysis Trends Real Estate 68

MishTalk

DECEMBER 26, 2013

China''s Move to Market-Set Rates Let''s step back to December 8 and look at China Relaxes Grip on Interest Rates China is relaxing its grip on interest rates with the launch of a financial instrument that allows banks to trade deposits with each other at market-determined prices. China’s credit boom is still in full swing.

Balance Sheet 67

Balance Sheet Marketing Banking Financial 67

MishTalk

NOVEMBER 20, 2013

Banks; Global Financial System is Bankrupt. The effects of a system that ''encourages excessive financial leverage''. trillion balance sheet is leveraged nearly 49-to-1. As a group, these three banks have some €4 trillion in assets on their balance sheets, supported by €129.3 By contrast, J.P. billion (€489.9

Balance Sheet 78

Balance Sheet Banking Financial Finance 78

Harvard Business

OCTOBER 31, 2017

The market panicked. Many other financial firms including AIG, Fannie Mae, and Freddie Mac needed bail outs. It may feel as though the financial system hasn’t changed much in the decade since the downturn, but it has. Defaults on subprime mortgage loans mounted. There was a run on British bank Northern Rock.

Banking 28

Banking Balance Sheet Financial Finance 28

MishTalk

JULY 11, 2014

The BIS slam, coupled with a recent stock market selloff, brought up debate on a " controlled collapse ". Financial fluctuations (“financial cycles”) that can end in banking crises such as the recent one last much longer than business cycles. Yet financial cycles can go largely undetected.

Balance Sheet 74

Balance Sheet Financial Banking Policies 74

MishTalk

JUNE 26, 2013

Minyanville Business and Market News. Get Involved The State of the Unions Finances: A Citizens Guide. Balanced Budget Ammendment Sign the Balanced Budget Petition. China Financial Markets. Financial Sense. Market Oracle. Market Ticker. Real Clear Markets. Burning Platform.

Balance Sheet 68

Balance Sheet Real Estate Financial Advertising 68

MishTalk

MARCH 1, 2015

Reuters reports Austria Imposes Debt Moratorium on Heta "Bad Bank" Austria''s Financial Market Authority stepped in on Sunday to wind down "bad bank" Heta Asset Resolution and imposed a moratorium on debt repayments by the vehicle set up last year from the remnants of defunct lender Hypo Alpe Adria. billion euros ($8.51 More than 9.8

Banking 28

Banking Balance Sheet Finance Construction 28

MishTalk

DECEMBER 18, 2013

The Financial Times notes a Big rise in subordinated debt issuance by EU banks Banks have taken advantage of yield-chasing investors to issue $90.7bn of subordinated debt for the year to date, a 41 per cent increase compared to the same period in 2012. Also consider "stress tests".

Banking 71

Banking Balance Sheet Finance Government 71

MishTalk

JUNE 28, 2013

Minyanville Business and Market News. Get Involved The State of the Unions Finances: A Citizens Guide. Balanced Budget Ammendment Sign the Balanced Budget Petition. China Financial Markets. Financial Sense. Market Oracle. Market Ticker. Real Clear Markets. Burning Platform.

Analysis 74

Analysis Trends Real Estate Case Interview 74

Harvard Business

OCTOBER 20, 2016

Meanwhile the Institute of International Finance forecasted net capital flows for emerging markets in 2015 would be negative for the first time since 1988. Imports among the world’s 20 largest economies have fallen as a share of their gross domestic product for four consecutive years.

Balance Sheet 28

Balance Sheet Policies Operations Banking 28

MishTalk

APRIL 1, 2015

Chicago finances are even worse than I thought which is saying quite a bit because I have written about the sorry state of Chicago finances on numerous occasion. Kristi Culpepper, a bond guru, has gone over Chicago''s annual financial report, bond documents, investor presentations, and CAFRs. Who Is Kristi Culpepper?

Financial 28

Financial Engineering Finance Government 28

MishTalk

JANUARY 28, 2014

"Industrial and Commercial Bank of China, the world''s largest bank by assets, said on Thursday that it has no plans to use its own money to repay investors in a troubled off-balance-sheet investment product that it helped to market." Mystery Money The Financial Times reports China trust deal raises thorny questions.

Banking 72

Banking Balance Sheet Productivity Financial 72

Harvard Business

MARCH 30, 2017

In it, the authors, both sociologists, made a compelling argument that, to understand labor market outcomes like inequality, it wasn’t enough to look at the supply and demand for individuals’ skills. However, any discussion of firms and wage inequality must not be limited to discussion of market forces. Related Video.

Marketing 28

Marketing Balance Sheet System Training 28

Tom Spencer

MAY 9, 2020

When I studied economics at Sydney University in the early 2000s and financial economics at Oxford in the early 2010s, I learned pretty much the same thing about money; very little. For example, if the US government spends more than it collects in taxes, it can finance the budget deficit by selling bonds.

System 88

System Banking Government Insurance 88

MishTalk

JUNE 27, 2013

Minyanville Business and Market News. Get Involved The State of the Unions Finances: A Citizens Guide. Balanced Budget Ammendment Sign the Balanced Budget Petition. China Financial Markets. Financial Sense. Market Oracle. Market Ticker. Real Clear Markets. Burning Platform.

Analysis 70

Analysis Trends Real Estate Banking 70

MishTalk

JULY 2, 2013

Minyanville Business and Market News. Get Involved The State of the Unions Finances: A Citizens Guide. Balanced Budget Ammendment Sign the Balanced Budget Petition. China Financial Markets. Financial Sense. Market Oracle. Market Ticker. Real Clear Markets. Burning Platform.

Trends 63

Trends Analysis Real Estate Financial 63

MishTalk

APRIL 7, 2014

The political stand-off over the bank recovery and resolution directive – a centrepiece of post-crisis financial reforms – is extremely unusual because it comes days before the European parliament is supposed to adopt the agreed text of the legislation.

Banking 71

Banking Balance Sheet Finance Government 71

Tom Spencer

NOVEMBER 9, 2019

Historically, commercial banking and investment banking functions have been separated by law – these restrictions have since been repealed and larger banks tend to take on capital markets operations due to the complimentary nature of the businesses. In secondary markets, the sales & trading function operates as a market maker.

Banking 12

Banking Industry Balance Sheet Retail 12

MishTalk

NOVEMBER 20, 2015

Of course, there is also persistent overoptimism about earnings growth and stock market expectations. In November 2007, the Federal Open Market Committee began releasing projections for real GDP growth four times per year in its Summary of Economic Projections (SEP). The track record on recessions is perfect.

Balance Sheet 28

Balance Sheet Banking Study Policies 28

MishTalk

SEPTEMBER 26, 2013

I don''t and neither does Michael Pettis at China Financial Markets. The Financial Times reports China house price surge raises prospect of steps to cool market. Deposit rates are still low and the stock market has been uncooperative. Bulls think China is on the mend. Bullish Arguments. Property Prices Rising.

Real Estate 64

Real Estate Banking Government Balance Sheet 64

MishTalk

JULY 10, 2013

Minyanville Business and Market News. Get Involved The State of the Unions Finances: A Citizens Guide. Balanced Budget Ammendment Sign the Balanced Budget Petition. China Financial Markets. Financial Sense. Market Oracle. Market Ticker. Real Clear Markets. Burning Platform.

Real Estate 61

Real Estate Financial Policies Advertising 61

MishTalk

JULY 7, 2015

China's Market and Policy Timeline Bloomberg has an interesting graph of China's Market and Policy Timeline. Another 173 firms listed in Shanghai and Shenzhen announced trading suspensions after the market closed on Tuesday, bringing the total to around 940, or more than a third of all listed firms on the two exchanges.

Real Estate 28

Real Estate Banking Government Balance Sheet 28

MishTalk

DECEMBER 26, 2014

They lower mortgage and consumer financing costs for households, who represent a substantial portion of total borrowing, allowing them greater spending power. They also tend to be associated with rising stock and real estate markets, which, by making households feel wealthier, encourages higher consumption.

Banking 71

Banking System Benchmarking Finance 71

MishTalk

JANUARY 25, 2015

Greeks Stop Paying Taxes Late last week the Financial Times reported Greeks Stop Paying Taxes in Expectation of Syriza Poll Victory. A finance ministry official confirmed on Friday that state revenues had collapsed this month. Will Syriza be able to achieve everything it says? Probably not. So there is a sharp acceleration this week.

Banking 28

Banking Balance Sheet Journal Report 28

Harvard Business

JANUARY 24, 2017

Through a coordinated, systemic, prolonged intervention with dozens of institutions and thousands of individual participants, new growth of the local companies we trained has directly created over 1033 jobs, fueled by dozens of new private sector financings. strategic hires). day, scale-focused workshops and related activities.

Training 28

Training Training Banking Balance Sheet 28

MishTalk

SEPTEMBER 30, 2014

On September 4, ECB President pulled out a financial bazooka including a pledge to build up the ECB''s balance sheet by another €1 trillion. In this case, the stench on Greek bank balance sheets will not go away. Instead, stench will also appear on the balance sheet of the ECB.

Balance Sheet 75

Balance Sheet Real Estate Banking Policies 75

MishTalk

OCTOBER 26, 2014

Roughly one in five of the euro zone''s top lenders failed landmark health checks at the end of last year but most have since repaired their finances, the European Central Bank said on Sunday. 48 Billion Shortfall The Financial Times reports ECB Says Banks Overvalued Assets by €48bn. The 130 banks account for 81.6

Balance Sheet 76

Balance Sheet Banking Exercises Report 76

Harvard Business

SEPTEMBER 25, 2017

It has been 10 years since the global financial crisis, and the fall-out continues in the industry that was at its epicenter: banking. There has been a truly dramatic retrenchment from foreign markets, making banking a rare case of an industry becoming less, rather than more, global. And so their focus returned to domestic business.

Banking 28

Banking Balance Sheet McKinsey Finance 28

MishTalk

JUNE 30, 2013

Minyanville Business and Market News. Get Involved The State of the Unions Finances: A Citizens Guide. Balanced Budget Ammendment Sign the Balanced Budget Petition. China Financial Markets. Financial Sense. Market Oracle. Market Ticker. Real Clear Markets. Burning Platform.

Analysis 72

Analysis Trends Real Estate Financial 72

MishTalk

DECEMBER 9, 2013

It does not need to borrow money from foreign countries to finance its ongoing deficit (because there is no deficit). Greece Strikes Back The Financial Times reports Greece Strikes Back. Having lost access to the capital markets, the Greek government relied on the bailout funds to pay its bills. But what is Samaras to do?

Balance Sheet 77

Balance Sheet Financial Government Finance 77

Harvard Business

JULY 12, 2017

In effect, they all had skin in the game, which remains one of the most elusive elements of modern finance. And yet trust in business institutions, and the financial services sector in particular, is at an all-time low. Failure to act may consign many large players to the continuing trust deficit or, worse, irrelevance.

Insurance 37

Insurance Insurance Industry Balance Sheet 37

MishTalk

DECEMBER 17, 2013

On December 12 the Financial Times reported EU reaches landmark deal on failed banks with a "common rule book for handling failed banks". At the same time we also established clear rules to deal with the most exceptional cases in which overall financial stability is in danger. ” I replied "wait for the details".

Banking 73

Banking Finance Balance Sheet Financial 73

MishTalk

MARCH 17, 2014

Michael Pettis at China Financial Markets taught me much of what I know about global trade. Mish : Despite the obvious casino-like structure of global equity and bond markets, the poker game analogy is an extremely poor one. I am very appreciative. I tend to agree with most of his views.

Banking 67

Banking Real Estate Productivity Policies 67

Tom Spencer

AUGUST 12, 2020

Responding to high levels of debt and financial instability, one would expect to see each bank try to protect itself by shrinking its loan book. Central banks pursue “inflation at any cost” in order to oil the wheels of the credit markets. This inadvertently fuels asset bubbles and financial instability.

Banking 120

Banking Balance Sheet Financial Real Estate 120

MishTalk

JUNE 26, 2015

BitGold just completed a financing for C$18 million, which included some top name institutional investors. After this financing, BitGold’s two main owners are the shareholders of GoldMoney and Roy Sebag, whose understanding of gold is as deep as anyone I have ever met. Gold still represents a tiny fraction of global financial assets.

Insurance 28

Insurance Insurance Balance Sheet Cash Flow 28

Harvard Business

MARCH 2, 2017

On February 3 President Trump issued an executive order directing the Treasury Department to conduct a sweeping review of financial regulation, including Dodd-Frank , the financial reform bill passed, in 2010, as part of the Obama administration’s response to the 2008 financial crisis and subsequent recession.

Banking 28

Banking Financial Balance Sheet System 28