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. Traders buy and sell securities with the bank’s money with the aim of making money for the bank.

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Consulting Banking Comparison Finance 60

Tom Spencer

OCTOBER 16, 2021

Knowing the ins and outs of upcoming trends in finance is indispensable for any aspiring consultant. A prime example for such a question is how finance is adapting to the issue of climate change, and might assist its mitigation. Green Finance. Final thoughts.

Financial 88

Financial Insurance Insurance Finance 88

Harvard Business

MAY 29, 2019

Citigroup leading analyst Ronit Ghose, Lemonade Insurance founder and CEO Daniel Schreiber, and OakNorth Bank founder and CEO Rishi Khosla discuss the new possibilities that AI offers the finance industry. Those who manage to use this emerging technology to reduce friction for customers will win.

Finance 30

Finance Insurance Insurance Banking 30

Harvard Business

MAY 29, 2019

Citigroup leading analyst Ronit Ghose, Lemonade Insurance founder and CEO Daniel Schreiber, and OakNorth Bank founder and CEO Rishi Khosla discuss the new possibilities that AI offers the finance industry. Those who manage to use this emerging technology to reduce friction for customers will win.

Finance 28

Finance Insurance Insurance Banking 28

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.

Banking 75

Banking Small Business Finance Operations 75

MishTalk

AUGUST 13, 2014

Chinese Credit Just Collapsed and shadow banking with it. Shadow Banking Aggregate social financing was 273 bn yuan versus 1500.0 bn expected and prior was 1970 bn implying that shadow banking credit contracted 112 bn in the month. trillion yuan from the previous month, the central bank said today. bn versus 780.0

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Banking Finance Journal Report 78

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.

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Banking Finance Report Industry 60

MishTalk

MARCH 21, 2014

Inquiring minds are tuning into a report on the Ponzi finance setup in China. In recent weeks, a trip to the region and further research into China’s shadow banking system have convinced us that China is approaching its “Minsky Moment,” which increases the chances of a disorderly unwind of China’s excesses. Morgan Stanley agrees.

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Finance Cash Flow Banking Government 75

Harvard Business

DECEMBER 10, 2018

It is no wonder we came to fear our gender would keep us from achieving the same level of success as our male peers in finance. We turned to those most able to effect change in finance: the professionals actively working in the field. Consider investment banking. finance professionals we studied reported lower numbers.

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Finance Banking Interviews Survey 39

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? Hopefully investors in "bad banks" in Spain have learned their lesson.

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Banking Government Finance Operations 74

Harvard Business

SEPTEMBER 19, 2018

As banks rush to digitize their operations , many have found that closing their local branches can help maintain a high return on an otherwise pricy transformation. European banks, for example, closed over 9,000 branches in 2016, which represents a 4.6% In the United States, the total number of bank branches has dropped by 8.2%

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Banking Research Finance Study 28

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". The next day, a friend commented the banking union agreement proved me wrong. I replied "wait for the details". Some senior officials are warning the proposals are too cumbersome.

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Banking Finance Balance Sheet Financial 73

Steve Shu Consulting

JULY 1, 2018

Lloyds Banking Group: Behavioural Economics Specialist – Digital Banking. Voya: Behavioral Finance | Voya For Professionals. Lemonade: Lemonade Renters & Home Insurance | Protect The Stuff You Love. Mercer: Personalised Pension Videos. Microsoft: Microeconomics – Microsoft Research. NEST: [link].

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Examples Boston Consulting Group Company Mercer 150

MishTalk

DECEMBER 19, 2013

Please consider Der Spiegel Online article: Not Fit for the Next Crisis: Europe''s Brittle Banking Union. German Finance Minister Wolfgang Schäuble has negotiated a European banking union suited perfectly to his country''s tastes. Here is an interesting article in Der Spiegel Online that echoes recent statements of mine.

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Banking Finance Government Financial 71

MishTalk

DECEMBER 22, 2014

Chinese banks have experienced an outflow of deposits for the quarter for first time since 1999. To compete for funds, Chinese banks offer anything from fresh vegetables for small deposits to a Mercedes A180 for deposits big enough and long enough. The effective yield on the Mercedes is approximately seven percent!

Banking 74

Banking Benchmarking Finance Policies 74

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. He designed and is now spearheading his “Think Forward” strategy, intended to make ING the leading digital bank.

Banking 40

Banking Boston Consulting Group Industry Finance 40

Tom Spencer

AUGUST 4, 2023

You may have to do “dirty work” at times, regardless of whether you work in investment banking or human resources. On the other hand, while investment banking might be a lucrative career, it is not really my cup of tea. I enjoy consulting work much more than investment banking, so consulting answers the third question best.

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Banking Consulting Industry Engineering 78

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.

Banking 40

Banking B2B Finance Enterprise 40

Tom Spencer

JANUARY 20, 2023

If you seek big bucks or work-life balance, consulting isn’t your best bet Consultants are certainly well-paid relative to regular office jobs, but it is worth pointing out that they are a step behind compared to their entry level counterparts in top technology and finance firms.

Consulting 88

Consulting Bain Boston Consulting Group McKinsey 88

1 to 1

JANUARY 3, 2022

Businesses across all sectors were sent scrambling as the world largely shut down in the pandemic’s early days, but banks – where brick-and-mortar locations historically were the cornerstone of day-to-day business – faced some of the biggest changes and challenges. The right technology is key. It’s still an evolving journey for us.”.

Banking 26

Banking Conference Talent Company 26

Consulting Matters

JANUARY 5, 2021

You may think you need a lot of money in the bank and a "rolodex" of potential clients and referrals. Guides : Specialized support that can help you specific things you need such as finances, web development, legal issues, social media marketing, etc. Allies: People who are seeking the same type of success you are.

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Consulting Case Study Case Studies Finance 294

MishTalk

FEBRUARY 25, 2014

Russia’s deputy finance minister said there’s a high chance Ukraine will default. Russia’s Deputy Finance Minister Sergei Storchak echoed those concerns. Lawmakers yesterday moved quickly to appoint Stepan Kubiv, the ex-chairman of Lviv-based VAT Kredobank, to head the central bank after voting out Ihor Sorkin.

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Banking Government Finance Financial 72

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. It relates to bail-in procedures in the alleged European "banking union".

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Banking Balance Sheet Finance Government 71

MishTalk

JANUARY 28, 2014

In case you don''t recognize the name, Stern disclosed the money laundering activities of HSBC, for which the bank was fined $1.9 Eric Holder specifically said during Senate hearings that prosecuting these banks criminally could cause a financial crisis. An interesting Video Interview With Whistleblower Everett Stern just came my way.

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Banking Case Interview Finance Financial 76

Harvard Business

OCTOBER 31, 2017

Just over 10 years ago, French bank BNP Paribas froze U.S. There was a run on British bank Northern Rock. Over the next year, many banks fell. Investment bank Bear Stearns collapsed. We expect investment banks to embark on an even more fundamental makeover during the next decade. The New Face of Investment Banks.

Banking 28

Banking Balance Sheet Financial Finance 28

Tom Spencer

MAY 6, 2022

Student Organizations focused on Consulting, Finance, or Technology. Your university may have consulting, finance, or technology centered student organizations that produce some type of work-product each semester. For a finance organization, this could be learning the skillset of analysis and applying it to a stock pitch.

Finance 88

Finance Consulting Resumes Government 88

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. For some banks, the answer is simply: Yes.

Banking 28

Banking McKinsey Balance Sheet Finance 28

MishTalk

DECEMBER 26, 2014

Next year will be a very important year for China because possible strains in the banking system and the intensity with which the reformers present their case will give us a better sense both of how much debt capacity the country retains and of how well positioned Xi Jinping and his allies are to implement the needed reforms.

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Banking System Benchmarking Finance 71

MishTalk

JANUARY 20, 2014

Michigan Live reports Highland Park pensions in jeopardy if Fifth Third Bank halts loan payments. The city of Highland Park is operating on financial fumes and the pensions of its retirees could be in jeopardy if Fifth Third, one of the banks providing loans to the municipality, cuts of the money stream.

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Banking Finance Financial Report 76

Seth Godin Blog

SEPTEMBER 6, 2023

But running a food bank gets exponentially more difficult when your inputs and outputs increase. There are Big-O problems in marketing, in sales, in customer service, in finance, in production and in compliance. Business models have this baked in. There’s nothing wrong with winging it–until there is.

Finance 39

Finance Banking Conference Sales 39

Tom Spencer

OCTOBER 12, 2019

Cryptocurrency has often been a divisive and controversial topic in the world of finance and economics. To begin, I’ll discuss the role of central banks throughout history as one of the primary purposes of Bitcoin was to eliminate the need for central banks, usurping the role of these traditionally powerful entities.

Banking 60

Banking System Finance Financial 60

Harvard Business

JULY 17, 2017

When I ask students graduating from Harvard Business School what they’re doing next, I often get some version of “I’m going into finance but…” Then they quickly explain that finance is just a way station on the route to nobler goals. How will the crisis of problematic loans in Italian banks be resolved?

Finance 28

Finance Insurance Insurance Financial 28

Tom Spencer

OCTOBER 5, 2019

Cryptocurrency has often been a divisive and controversial topic in the world of finance and economics. To begin, I’ll discuss the role of central banks throughout history as one of the primary purposes of Bitcoin was to eliminate the need for central banks, usurping the role of these traditionally powerful entities.

Banking 60

Banking System Finance Financial 60

Harvard Business

APRIL 26, 2017

It’s been more than 25 years since Bill Gates dismissed retail banks as “dinosaurs,” but the statement may be as true today as it was then. Banking for small and medium-sized enterprises (SMEs) has been astonishingly unaffected by the rise of the Internet.

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Banking Oliver Wyman Small Business Strategy 41

Tom Spencer

MARCH 11, 2022

A few experiential learning opportunities to look for on campus include consulting clubs, finance clubs, student government, and technology development teams. As a result, students get a glimpse into what working in a particular space may feel like such as consulting, finance, politics, or technology. Opportunities on-campus.

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Consulting Finance Government Industry 88

MishTalk

SEPTEMBER 27, 2013

Fund staff argues that ommon fiscal governance, along with the banking union, are necessary to offset the "weaknesses in the architecture" of the eurozone, reinforce the club of 17 to future crises. In addition, the study argues that the most urgent step to acquire banking union goes through a firewall overall tax.

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Banking Insurance Insurance Finance 72

Tom Spencer

JULY 6, 2019

The idea that technology can be configured to drastically improve the delivery and usability of finance began taking off following the financial crisis of 2008, when consumer distrust for traditional banks combined with the increasing popularity and functionality of smartphone apps.

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Financial Banking Finance System 60