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Bank Profitability: Decoding the Income Statement

Tom Spencer

The interest rate set by the central bank serves as a benchmark or reference rate for banks. Banks typically adjust their lending rates based on the central bank’s policy rate. Indirect tax refers to taxes imposed based on the consumption, sale, or use of goods and services.

Banking 88
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Why CEOs Can’t Dance Redux

Rick Conlow

Among CEO top priorities are sales growth and profit. Customer loyalty generates sales growth and profit. As an employee, I am sure you can identify with the poor communication you have seen from your employers related to expectations, priorities, medical benefits, lack of recognition, policy changes, and work procedures.

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Ruble Sinks to Record Low; Russia Intervenes in Currency Markets to Stabilize Ruble; Russia Denies Ultimatum

MishTalk

Bank Rossii poured dollars into the currency market, with traders estimating sales of about $10 billion, and raised interest rates after the threat of Western sanctions against Russia sent the ruble to a record low. Dmitry Dorofeev, a money manager at BCS Financial Group, estimated sales of at least $7 billion. The ruble sank 1.8

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Hey Janet, It's July 15!

MishTalk

In her semi-annual monetary policy testimony, she added that the Fed "expects US GDP growth to strengthen over the remainder of this year and the unemployment rate to decline gradually." A quick check of the FOMC calendar shows Fed policy meetings on July 28-29, and September 16-17. Retail sales are dismal. Can you say?

Retail 28
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Zero-Based Budgeting Is Not a Wonder Diet for Companies

Harvard Business

Traditional ZBB implementations focus almost exclusively on simple SG&A , in part because SG&A benchmark data is far more readily attainable than are relevant data from the core functions of comparable companies. The result is a superficial and simplistic focus on “policing” costs versus substantive cost prevention.

Company 32
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Monetarists Accuse ECB of "Dangerous Game of Chicken"; The REAL Dangerous Game

MishTalk

In addition to holding its benchmark rate at 0.25%, the ECB also left the rate it pays on bank deposits unchanged at zero. Retail sales fell 1.6pc in December, the biggest drop for two-and-a-half years. Retail sales did not decline because of passive tightening. The question is - is there deflation? The answer is no."

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Why Aren’t Black Employees Getting More White-Collar Jobs?

Harvard Business

My senior year in college, a black sales rep from IBM encouraged me and a group of fellow black students to consider a career with the company. When I joined the company, my branch sales manager — someone I considered a field office general — was black, as were many of my instructors.

Metrics 33