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A Sisyphean Struggle: Insights from BCG’s Treasury Benchmarking Survey 2016

BCG

In the two years since The Boston Consulting Group conducted its last ­Treasury Benchmarking Survey, banks have remained locked in a Sisyphean struggle. Low—and, in some cases, negative—­interest rates are a major part of this struggle and have dominated the economic environment for banks.

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Management Consulting versus Investment Banking

Management Consulted

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.

Banking 272
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Banking on Digital Simplicity

BCG

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.

Banking 40
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Culture of Greed and Arrogance: Minutes Show Bank of England was Aware of Currency Rigging Eight Years Ago

MishTalk

Bank of England head Mark Carney faces a grilling from lawmakers tomorrow as Minutes Show Bank of England was Aware of Currency Rigging Eight Years Ago. The central bank said last week that an internal review has found no evidence so far that staff were involved in collusion. trillion-a-day foreign-exchange market.

Banking 75
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Now is the Best Time to Raise Your Billing Rate

Successful Independent Consulting

Photo 50727473 / Piggy Bank © David Franklin | Dreamstime.com. Do some market-rate benchmarking to learn what other consultants are charging, or what clients are paying. I value the relationship we’ve developed over the last two years, and certainly want to continue being of service to you and the team. for year three.

Policies 195
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Inflation: Understanding its Impact on the Economy

Tom Spencer

For example, the Federal Reserve aims to achieve 2% inflation as an ideal benchmark to avoid its counterpart, deflation. By targeting a low and stable positive rate of inflation, the Fed and other central banks hope to avoid the risks posed by deflation while also dodging the problems posed by run-away inflation.

Policies 147
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Now Is the Best Time to Raise Your Rates

Successful Independent Consulting

Do some market-rate benchmarking to learn what other consultants are charging, or what clients are paying. Note: Another logical time is on your company’s anniversary; if you don’t know what day your business was founded, make one up — maybe the date you opened your business bank account or you signed your first contract.

Policies 195