Tom Spencer

MAY 8, 2016

This post provides you with a high level comparison of management consulting and investment banking. Investment banks help companies raise money for various purposes including investment, acquisitions, and provision of working capital. Within an investment bank, the work is split into many roles including investment banking, sales and trading, equity research, risk management, operations, and technology. In comparison, investment banks are competitive and hierarchical.

Banking 60

Banking Consulting Comparison Finance 60

CaseInterview.com

SEPTEMBER 26, 2019

What follows is a success story I received from a reader who transitioned from banking to consulting as an experienced hire. My background: 4 years as equity analyst, MBA, 5 years in banking in equity capital markets (IPOs and such). After getting quite disillusioned with the banking industry over the last few years, I got laid off, and had to reassess what to do next. Consulting Job Offer Reports banking experienced hire McKinsey offer success story

Banking 40

Banking Case Interview Interviews Consulting 40

Tom Spencer

NOVEMBER 5, 2016

When news broke in late October that some of London’s largest banks were investing in Bitcoin , cryptocurrencies in general got another boost. Beyond hoarding digital currency as a defensive move in the age of DDOS bank robbers, banks are beginning to think about ways that bitcoin could be used within the banking industry globally. Bitcoin itself was created by technologists and programmers with a deep-seated mistrust of central banks themselves.

Banking 60

Banking Finance Industry Report 60

Management Consulted

DECEMBER 16, 2008

The cons of investment banking – the long hours, the repetitive and unengaging nature of the work, the lack of non-finance exit opportunities – mattered far more to me than a 6-figure salary. Banking salaries average 50-100% higher than consulting salaries , with the difference increasingly significant as your seniority increases. Cashflow or not, the extra money is substantial and a defining driver of why many people do investment banking. INVESTMENT BANKING.

Banking 214

Banking Boston Consulting Group Consulting Management 214

Tom Spencer

JUNE 16, 2018

The financial services industry has seen drastic technology-driven change over the past few years, and digital has fundamentally reshaped consumer behaviour in banking. According to Oliver Wyman, a global management consulting firm, 90% of Canadian banking customers use digital channels and more than 30% are now banking exclusively virtually. However, customer expectations are high and it is difficult for banks to decide which technologies to focus on.

Oliver Wyman 73

Oliver Wyman Banking Financial Insurance 73

Tom Spencer

JUNE 16, 2018

Before we dive into why AI is the solution for the banking sector, let’s first explore what big tech companies have in common, how many of them have grown successfully, and what banks can learn. Furthermore, customers are increasingly expecting from banks much more value per dollar, better service, and seamless experiences regardless of channel. Usage of AI in the Banking Sector. As shown in the table above, the main usage of AI by banks across Canada and U.S.

Banking 76

Banking Transportation Financial System 76

ABA Community Banking

NOVEMBER 14, 2017

Maternity leave advice from six self-employed moms

Banking 76

Banking 76

BCG

MAY 9, 2016

Despite a tentative financial recovery, the retail-banking industry faces unrelenting, disruptive challenges. Banks that hope to prevail must urgently pursue digital simplicity. That mandate for digital simplicity is the central insight emerging from the research behind this sixth edition of BCG’s annual Global Retail Banking report. BCG Banking Pools data shows that global retail-banking revenues rose 3% in 2015, to nearly $1.6 Report Tuesday, May 10, 2016.

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Banking Retail Benchmarking Trends 63

BCG

SEPTEMBER 20, 2016

The bank’s stated purpose: “Empowering people to stay a step ahead in life and in business.” To this end, ING aims to simplify the banking experience, making its services fast, easy, and accessible. Ralph) Hamers has been with ING for 25 years, becoming CEO in 2013 after a variety of roles in wholesale banking, lending, finance, credit risk management, and retail banking. Video Tuesday, September 20, 2016.

Industry 87

Industry Banking Boston Consulting Group Retail 87

Management Consulting Prep

SEPTEMBER 24, 2019

Why should you choose Management Consulting over Investment Banking? Now landing a job in either one … Management Consulting Vs Investment Banking Read More » The post Management Consulting Vs Investment Banking appeared first on Management Consulting Prep Two of the most prestigious career choices for business students. Two of the highest-paying jobs. Two lands of the smartest people. Two places to forget about work-life balance.

Banking 40

Banking Management Consulting 40

Harvard Business

OCTOBER 15, 2021

The Chinese Central Bank has already begun experimenting with digital cash that could eliminate the need for paper money. Economic systems Financial markets Financial service sector Digital Article

Banking 50

Banking System Financial Marketing 50

CaseInterview.com

SEPTEMBER 12, 2020

She will be the first woman CEO of a major Wall Street investment bank. Here’s more on her career path via the New York Times: Citigroup’s Fraser to Be First Woman to Lead a Big Wall Street Bank. Thursday, Citigroup announced that they are appointing Jane Fraser to be CEO.

Banking 53

Banking Journal McKinsey Analysis 53

MishTalk

FEBRUARY 8, 2017

Banks do need those services of course, but do those services have to be in every location? Tellers, cashiers, loan officers: Who needs em? Will video teleconferencing suffice? more…). Economics

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Banking Video Course 43

MishTalk

OCTOBER 21, 2016

Below is a transcript excerpting the main parts of the first section of the interview on the problems in the European banking system and what measures might be taken if push were to come to shove. Andy Duncan of FinLingo.com interviewed Claudio Grass, managing director of Global Gold in Switzerland.

Banking 50

Banking Interviews System Management 50

MishTalk

FEBRUARY 21, 2014

I seriously do not understand this "Bad Bank" concept. If for some reason you disagree, please note that Spain now needs a "Bad Bank" for "Bad Banks". Via translation from El Economista, please consider Another bad bank? The government is considering transferring the debt of insolvent banking business to a fund The Government is considering the possibility of creating a fund or financial vehicle to which banks could transfer the debt of insolvent companies in crisis.

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Banking Government Finance Operations 58

Harvard Business

JUNE 2, 2021

Transparency and trust are at the core of the decentralized finance revolution. Currency Economics Technology Audio

Finance 36

Finance Banking 36

BCG

SEPTEMBER 25, 2016

Although B2B does not grab as many headlines as C2B, significant pain points still exist for banks’ corporate customers, and the opportunity to solve problems and deliver value is sizable. Indeed, banks that act decisively are in a prime position to be a core partner in corporate treasurers’ digital transformations. Wholesale transaction banking—which includes payments, cash management, and trade finance—generated about $370 billion in revenues globally in 2015.

Banking 71

Banking B2B Enterprise Engineering 71

BCG

JULY 5, 2016

For all the angst over the disruptive impact of financial technology providers, the smart money in corporate banking sees fintechs as strategic allies, not enemies. Over the past decade, the fintech market has become a hotbed of customer-centric banking innovation. Although their service models have attracted considerable attention, fintechs are unlikely to endanger established corporate banks in the near term. Article Tuesday, July 05, 2016.

Banking 63

Banking Finance Operations Efficiency 63

Harvard Business Review

JUNE 30, 2022

It’s hard to call yourself a green company if your cash assets are underwriting global warming. Sustainable business practices Corporate social responsibility Financial markets Digital Article

Banking 59

Banking Company Financial Marketing 59

Harvard Business Review

MAY 20, 2022

A proposed SEC rule could pull back the curtain on the carbon emissions of the global economy. Sustainable business practices Finance and investing Digital Article

Banking 96

Banking Finance 96

MishTalk

AUGUST 23, 2014

I received an interesting question on bank lending just a bit ago. Would QE by the ECB spur European bank lending? Banks do not lend from excess reserves. Banks lend (provided they are not capital impaired), when credit-worthy borrowers want credit and banks perceive risks worth lending. For Occam''s Razor to hold, one must assume that the central bank has never talked to a banker, right? In this case, central banks clearly want to spur lending.

Banking 57

Banking Course Management Marketing 57

1 to 1

OCTOBER 14, 2022

The landscape of retail banking is rapidly changing. Physical banks are closing and the age of virtual banking is here. It is causing banks and financial services firms to adapt to a whole new way to provide personalized services. The shift to virtual banking.

Financial 30

Financial Efficiency Retail Banking 30

Tom Spencer

NOVEMBER 9, 2019

The Business of Banking. Banks are intermediaries for capital and hold the risk when supply and demand is not perfectly balanced. 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. Commercial Banking. Investment Banking. Commercial vs Retail Banking.

Banking 12

Banking Balance Sheet Retail Industry 12

TRUSTID

DECEMBER 25, 2012

As much as we’d like to think that remote banking is safe, the reality is threats across all customer channels still exist. With new and emerging threats facing financial institutions every day, banks need to stay one step ahead of today’s tenacious criminals. Continued education is essential for fighting bank fraud : With crooks cooking up new schemes all the time, bank fraud teams need to keep up with the latest criminal trends and tactics.

Banking 48

Banking Fashion Trends Financial 48

BCG

JUNE 21, 2016

Nearly eight years after the financial crisis, the performance of many retail banks is still disappointing investors and financial markets, particularly in Europe. It seems that retail banks’ business models are incompatible with both the overall economic climate that has prevailed since 2008 and the competitive challenges arising from new entrants. In fact, retail banks have to reinvent themselves. Article Tuesday, June 21, 2016.

Retail 43

Retail Boston Consulting Group Banking Financial 43

MishTalk

DECEMBER 4, 2013

Most understand the "too big to fail" banks have gotten bigger and bigger over time as they swallow up smaller banks bit by bit. Number of Banks Over Time by Type Total Number of Banks Percent of Banks Vs. 1990 Total Problem Banks as Percentage of All Banks Anyone feel any safer by this? Here is the concept in picture form courtesy of reader Tim Wallace. Click on any chart for sharper image.

Banking 54

Banking Management Marketing Strategy 54

Consulthon

NOVEMBER 24, 2019

Hi, The Head of Retail in a traditional bank in Eastern Europe is facing the consequences of the ever-changing environment. He understands the service of the disruptor banks and would like to initi

Retail 40

Retail Banking 40

Martinka Consulting

JULY 22, 2020

From June 4-10 Jessica and I interviewed bankers representing eight Puget Sound area banks.* This memo is a synopsis of those conversations about what’s going on in banking during the COVID crisis, with a focus on business acquisition loans. First, all the banks are, “Open for business” meaning they are considering making loans. The banks recognize there are a lot of unknowns and realize we all fear the unknown to varying degrees.

Cash Flow 40

Cash Flow Banking Consulting Analysis 40

Management Consulting Prep

SEPTEMBER 22, 2019

Why should you choose Management Consulting over Investment Banking? Now landing a job in either one of them is already a … Why should you pick Management Consulting over Investment Banking? Read More » The post Why should you pick Management Consulting over Investment Banking?

Banking 43

Banking Management Consulting 43

Tom Spencer

SEPTEMBER 9, 2017

As September dawned last week, six more major banks joined a UBS-led effort to create … Continue reading "Battle of The Central Banks: China Declares ICOs Illegal". As I have been writing in this space of late, the days of the Wild West for cryptocurrency are absolutely at an end. The writing has been on the wall all summer. The latest news to hammer the point home?

Banking 60

Banking 60

MishTalk

APRIL 13, 2017

Albert Edwards at Society General commented today on Central Bank Hubris, deflation, and the flattening of the US yield curve. Here are some email snips. more…). Economics

Banking 44

Banking 44

MishTalk

SEPTEMBER 9, 2015

Reader Tim Wallace sent in a spreadsheet on the total number of banks. click on chart for sharper image Whatever happened to the idea that something needs to be done about "Too Big to Fail Banks"? Consolidation numbers do not tell the full story, but the largest banks do keep getting bigger in the slow but steady march towards one bank.

Banking 59

Banking Management Marketing Strategy 59

MishTalk

OCTOBER 11, 2016

Under ECB stress test rules, bank asset sales must be booked (not just expected to close) to count. Numerous EU banks had asset sales pending but the ECB ignored its own rules in just one case: Deutsche Bank. more…). Economics

Banking 48

Banking Sales 48

MishTalk

AUGUST 2, 2016

European bank shares are down for the second day following a last minute bailout package aimed at Italian banks one … Continue reading → Economics

Banking 44

Banking System Marketing 44

MishTalk

JULY 10, 2016

David Folkerts-Landau, chief economist at Deutsche Bank, says “Europe is Seriously Ill”, and EU banks need a €150 billion bailout … Continue reading → Economics

Banking 44

Banking 44

Management Consulted

NOVEMBER 2, 2018

The post Big Banks move internship recruiting back – what it means for consulting internship recruiting appeared first on Management Consulted. The potential for spring internship recruiting madness is over – at least temporarily. Earlier this week, Wall Street titans Goldman Sachs and JP Morgan announced (mercifully) that undergrad internship recruiting would move back from Sophomore spring to the fall of … Continue Reading.

Recruiting 109

Recruiting Recruitment Management Banking 109

BCG

JUNE 16, 2016

Digital technologies are reshaping the banking industry at an unprecedented rate, generating waves of fresh opportunity and potential peril for traditional banks. And a rapidly growing number of smaller fintech digital platforms—such as alternative-payment provider Earthport and mobile bank Moven—are winning customers with new digitally enabled products and services. The traditional value chains of banking incumbents show signs of fragmenting.

Industry 63

Industry Banking Efficiency Productivity 63

Harvard Business

AUGUST 7, 2020

Spot bonuses can boost morale during trying times. Managing people Compensation Digital Article

Time Management 52

Time Management Banking Management 52

MishTalk

SEPTEMBER 8, 2014

Banks are in the business of making loans. Exploring Lending Club Bloomberg columnist Mat Levine explores the issue in Lending Club Can Be a Better Bank Than the Banks. There are a lot of ways in which [Lending Club] is not a bank, but the big one is that basically all (95.6 Banks, on the other hand, are funded mostly by deposits and repo and other short-term senior borrowing. A bank, on the other hand, is in the business of borrowing short to lend long.

Banking 58

Banking Balance Sheet Financial Operations 58

BCG

MAY 9, 2016

BCG’s Retail-Banking Excellence benchmarking study (REBEX) profiles the operational and digital practices and performance of 20 of the world’s leading retail banks, a group of 40 institutions chosen for their size and the strength of their capabilities. We refer to these banks as the “premier league.” This year’s benchmarking showed, once again, that banks leading in measures of operational and digital excellence reaped the lion’s share of financial rewards.

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Operations Benchmarking Retail Banking 62