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Bank Profitability: Decoding the Income Statement

Tom Spencer

How do banks make money? What is a bank really worth? Firstly, by outlining the major items on a bank’s income statement, and then by discussing key ratios that are commonly used to measure profitability and to estimate the market value for banks. Where does this money ultimately go?

Banking 88
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Wealth Management 101: The Hidden World of Private Banking

Tom Spencer

The financial services industry comprises firms that operate across a range of sectors: Asset & Wealth Management, Banking & Capital Markets, and Insurance. In simple terms, asset management firms are the ‘manufacturers’ of investment products (e.g., clients can purchase iShares on the RBC Wealth platform).

Banking 78
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The Transformative Power of AI in Business

Tom Spencer

These systems can suggest relevant products that customers are likely to enjoy. For example, businesses like Netflix, Youtube, Amazon, and Airbnb use AI-powered recommendation systems to suggest movies, videos, products, and rental properties based on a user’s browsing history, past purchases, and revealed preferences based on past behavior.

Data 147
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Cracking Pricing Strategy Case Studies

Tom Spencer

Pricing strategy is one of the easiest levers CEOs can pull to increase revenues in their company. For instance, retail banks can raise interest rates (the price they pay customers for depositing funds at the bank) to quickly attract new balances and acquire new customers. Pricing Strategy Case Framework.

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“Blue Collar” Sales and Selling

CaseInterview.com

Most people who get an Ivy League MBA do so to get a coveted job at a consulting firm, investment bank, or in industry. I find the prejudice against working in sales incredibly ironic. The CEO is selling the company’s product and market leadership to customers. It’s sales too. being a salesperson. How to Sell Your Ideas.

Sales 76
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The Ups and Downs of a Career in Consulting

Tom Spencer

Consulting offers a unique breadth of exposure MBB are predominantly strategy consulting firms that mainly work on strategy projects, which are by nature much shorter than the implementation projects undertaken by other consulting firms such as the Big 4 (PwC, EY, KPMG, Deloitte).

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BRICS Currency – How Will It Affect International Business?

Tom Spencer

For example, in 2015 the BRICS nations established the New Development Bank ( NDB ) to support infrastructure development in the BRICS nations and other emerging markets. The creation of this new institution represents a noteworthy shift in the international financial system because it represents an alternative to the World Bank.

System 88