Tom Spencer

JUNE 8, 2019

Asset management as an industry is becoming increasingly important for a variety of reasons: The world is getting wealthier, driven by growth in emerging markets. This bodes well for those looking to work in asset management. Here are some trends that would be good to keep on top of. Funding Shortfalls and Prescriptions.

Trends 60

Trends Management Banking Government 60

Tom Spencer

JUNE 1, 2019

Management consulting is a professional service offered to organisations which aims to help internal management improve operating performance. The management consulting value chain encompasses strategy (idea origination, analysis and presentation of findings), implementation, operations and maintenance/feedback.

Management 60

Management Consulting Oliver Wyman Deloitte 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.

Finance 75

Finance Cash Flow Banking Government 75

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.

Banking 74

Banking Government Operations Finance 74

BCG

SEPTEMBER 20, 2016

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.

Banking 40

Banking Boston Consulting Group Industry Retail 40

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

Tom Spencer

JANUARY 20, 2023

Without a doubt, a career in the management consulting industry comes with many short- and long-term benefits. Software engineers at Google and investment banking analysts at Goldman Sachs are more well-paid than entry level roles at MBB.

Consulting 88

Consulting Boston Consulting Group Bain Banking 88

Tom Spencer

MARCH 11, 2022

In experiential learning, you learn skills such as communication, project management, and teamwork. These skills are very much aligned with the work you would be doing after graduation such as in management consulting or any industry position. Experiential learning is the idea that you can learn by doing. Opportunities on-campus.

Finance 88

Finance Government Industry Consulting 88

CaseInterview.com

DECEMBER 4, 2019

I recently wrote an article about the difference between Planned vs. Emergent Career Strategies. The emergent strategy sometimes reveals itself in the process of pursuing the original career plan. I met an investment banker, an equity research analyst, an EVP at Wells Fargo (one of the top 10 banks in the U.S.),

Strategy 66

Strategy Strategy Strategy& Engineering 66

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.

Banking 71

Banking Finance Government Construction 71

Tom Spencer

AUGUST 4, 2023

To do this, we will use a concept called rugged landscapes , a common strategy tool in business management. You may have to do “dirty work” at times, regardless of whether you work in investment banking or human resources. Trying to fly a 747 across the Atlantic on a single engine would be similarly dangerous.

Banking 78

Banking Engineering Industry Finance 78

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.

Banking 73

Banking Finance Balance Sheet Financial 73

Management Consulted

APRIL 20, 2016

MBA programs for Management Consulting – and the results may surprise you. Kellogg School of Management – Northwestern University. Tuck’s Class of 2015 placed 34% of its students in management consulting, with a vast majority of those going to MBB firms. With that in mind, we compiled the 2016 Top 10 U.S

Consulting 100

Consulting Management Deloitte Bain 100

Management Consulted

JANUARY 29, 2017

Here are 6 ways to prepare for consulting as you wait for the next chance to drop that resume: 1) Go work for a brand name company, but do something that is sales, operations, or strategy related. 4) Get a job in finance, but not personal finance (financial advisory consulting or in an internal finance department of a company).

Consulting 100

Consulting Finance Resumes Healthcare 100

Tom Spencer

JUNE 9, 2023

For example, in industries like finance and accounting, AI-powered systems can process invoices, perform data entry tasks, and generate financial reports with minimal human intervention. Supply chain management is another area where AI is revolutionizing operations.

Data 147

Data Operations Efficiency System 147

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".

Banking 71

Banking Balance Sheet Finance Government 71

Management Consulted

APRIL 20, 2014

He has a really cool history – international i-banking, college football, and more – and THEN he spent 2 years networking his way into a job at PwC. I managed a group of 17 brand ambassadors executing an “in-field” activation/marketing campaign for an IMG client, Wrigley Canada (chewing gum). Talk about tenacity!

Consulting 204

Consulting Interviews Recruiting Recruitment 204

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.

Banking 76

Banking Case Interview Finance Financial 76

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.

Banking 72

Banking Government Finance Financial 72

Management Consulted

AUGUST 1, 2013

Oliver Wyman’s strategy consulting practice has made waves specifically in the financial services sector , and beyond as well. Now a subsidiary of Marsh & McLennan, Oliver Wyman is known to give MMC its strong reputation as experts over other insurance providers because of the firm’s focus on strategy.

Oliver Wyman 201

Oliver Wyman Interviews Mercer NERA Economic Consulting 201

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.

Banking 76

Banking Finance Financial Report 76

Tom Spencer

SEPTEMBER 29, 2011

List of strategy consulting firms in Hong Kong 2011. in Management Consulting. List of strategy consulting firms in Hong Kong. OC&C Strategy Consultants. Roland Berger Strategy Consultants. Value Partners Management Consulting. Applied Value offers strategy, finance, and operations management services.

Oliver Wyman 107

Oliver Wyman Strategy Strategy Strategy& 107

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

MishTalk

JUNE 26, 2015

Financing Dangle Please consider Merkel, Hollande Dangle Financing Before Greece's Tsipras. PLAN B" If Greece refuses, the ministers will move on to discussing a "Plan B" on preparing to limit the damage from a Greek default to Greek banks and other euro zone countries and markets, the official said. billion to €129.9

Finance 28

Finance Banking Report Government 28

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.

Banking 72

Banking Insurance Insurance Finance 72

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

MishTalk

DECEMBER 10, 2013

France Finance Minister in Complete Denial Those of you seeking still more amusement can find it in one of the usual places: statements made by French politicians. This week the Bank of France upped its forecast for fourth-quarter growth to 0.5 Amusingly, analysts polled by Dow Jones Newswires had expected a 0.2% per cent in 2015.

Finance 75

Finance Industry Data Report 75

Consulting Matters

JANUARY 29, 2020

When I started my business, I was a single mom with only $200 in the bank. I had just come through a divorce the decimated my finances. But their real concern is the success of their merger and acquisition strategy that is dependent upon having "talent on tap" ready to take on the new companies as they get them.

Consulting 177

Consulting How To Talent Training 177

MishTalk

AUGUST 15, 2014

Eurozone strategy is in tatters after economic recovery ground to a halt across the region and France demanded a radical shift in policy, warning that austerity overkill is driving Europe into a depression. Mike "Mish" Shedlock [link] Mike "Mish" Shedlock is a registered investment advisor representative for SitkaPacific Capital Management.

Finance 71

Finance Government Banking Policies 71

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.

Banking 71

Banking System Benchmarking Finance 71

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.

Financial 60

Financial Banking System Finance 60

Comatch

JUNE 21, 2022

With so much to worry about, some executives have been slow to place sustainability at the forefront of their strategy. A Global Shift Toward Sustainable Finance. Companies will be incentivized to shape revenue strategy around sustainability best practices. Enhanced Carbon Management.

Trends 52

Trends Finance Recruiting Recruitment 52

Comatch

JUNE 21, 2022

With so much to worry about, some executives have been slow to place sustainability at the forefront of their strategy. A Global Shift Toward Sustainable Finance. Companies will be incentivized to shape revenue strategy around sustainability best practices. Enhanced Carbon Management.

Trends 52

Trends Finance Recruiting Recruitment 52

MishTalk

OCTOBER 1, 2014

On Tuesday evening, Argentine President Cristina Fernández accused Juan Carlos Fábrega, head of Argentina’s central bank, of " provoking a devaluation of the peso ". In response Head of Argentine Central Bank Quits. Here''s a chart that shows just that. pesos to the US dollar. Today the peso trades at 8.45 to the US dollar.

Banking 69

Banking Benchmarking Government Journal 69

MishTalk

FEBRUARY 6, 2014

Ukraine’s central bank imposed limits on foreign-currency purchases after its interventions failed to alleviate pressure on the hryvnia, while President Viktor Yanukovych left to meet his Russian counterpart, Vladimir Putin. Visit [link] to learn more about wealth management and capital preservation strategies of Sitka Pacific.'

Banking 73

Banking Travel Financial Finance 73

BCG

DECEMBER 15, 2016

Yet that income stream is weakening, as low-risk investment yields dip toward 0% and central banks continue to drain the bond markets. In their efforts to adapt to this upside-down world, life insurers are focusing on optimizing their investment strategies and operations. Can we cut costs to boost overall profit?

Insurance 40

Insurance Insurance Cash Flow Management 40

MishTalk

NOVEMBER 4, 2015

On November 1, I noted Greek Banks Need €14 Billion Recapitalization Following Latest Stress-Free Tests. My comment was " Greek banks did much better than expected in the latest ECB stress test (undoubtedly stress-free). The ECB's adverse scenario shows Greek banks only underfunded to the tune of €14 billion. Lars writes.

Banking 28

Banking Finance Video Interviews 28