2008 Financial Crisis – Causes and historical context

Tom Spencer

My friends and I walked out of the Big Short several years ago feeling like a group of global financial crisis experts. Many an economics and finance course later, I see that the layers of complexities to the 2008 financial crisis are innumerable. Economics financial crisis

Novantas – Financial Consultants

Management Consulted

NOVANTAS FINANCIAL CONSULTANTS Today, we take a look at the industry leader in advisory services for financial institutions. The post Novantas – Financial Consultants appeared first on Management Consulted. For the last 15 years, Novantas has worked with 80% of the world’s largest global banks, payment networks, wealth managers, and other … Continued. consulting interviews

The age old tale of financial crises

Tom Spencer

The story of the 2008 financial crisis begins somewhere shortly after the death of Jesus Christ himself. Not 33 years after Christ’s passing did Emperor Tiberius of the Roman Empire have to rescue his constituents’ financial sanctity through the age-old process of quantitative easing.

Banks in the changing world of financial intermediation

McKinsey

Insights on Financial ServicesBanks sit at the center of a vast, complex system that intermediates more than $250 trillion in global funds. What happens when the system itself is significantly streamlined and reshaped?

William Black on Global Financial Stability

Tom Spencer

In his TED Talk from last year (watch it below) Black talks about “liar’s loans” and other tactics that the banks used to bring the global economy to its knees during the 2008 financial crisis.

Wanted: Accurate Financial Statements

Martinka Consulting

Solid financial systems and (therefore) accurate financial statements are one of my four top things an owner can do to increase value and prepare for a sale. After the run of mangled financial statements I’ve seen this year it’s my number one reason, with a bullet. The post Wanted: Accurate Financial Statements appeared first on Martinka Consulting. Once again I’m in the middle of a deal where the seller treats accounting like a weak little step-sister.

How secure is the global financial system a decade after the crisis?

McKinsey

Great strides have been made since 2008 to prevent a recurrence of the financial crisis and recession that followed. Yet there is more debt than ever in the global financial system. Insights on Financial Services

A decade after the global financial crisis: What has (and hasn’t) changed?

McKinsey

Insights on Financial ServicesThe world economy has recently returned to robust growth. But some familiar risks are creeping back, and new ones have emerged.

Closing the gap: Leadership perspectives on promoting women in financial services

McKinsey

Insights on Financial ServicesMen still make up most of the management ranks at banks and insurers. New survey data and interviews with female executives point the way to improving gender diversity.

The new dynamics of financial globalization

McKinsey

Cross-border capital flows have fallen 65 percent since the financial crisis as global banks retrenched, but a more stable form of financial globalization is emerging. Our Insights

Data Analytics for Financial Institutions

BCG

Financial institutions continue to collect vast amounts of data, but few are generating a return commensurate with their investment. Article Tuesday, May 09, 2017.

How to Create and Sustain Financial Inclusion

BCG

Financial inclusion helps propel socioeconomic development. Only by fully understanding and quantifying financial inclusion can stakeholders bring more people into the financial system and raise their overall standard of living and well-being. Focus Tuesday, April 11, 2017.

How a Cyber Attack Could Cause the Next Financial Crisis

Harvard Business

Ever since the forced bankruptcy of the investment bank Lehman Brothers triggered the financial crisis 10 years ago, regulators, risk managers, and central bankers around the globe have focused on shoring up banks’ ability to withstand financial shocks. Peter Dazeley/Getty Images.

How financial products can attract infrastructure capital from institutional investors

McKinsey

By mitigating key risks of investing in major infrastructure projects in emerging markets, banks, governments, and international financial institutions can close the funding gap in developing Asia.

Using fintech to democratize financial services

McKinsey

PayPal’s CEO explains how digital can bring new people into the banking fold and create opportunities for them to spend, save, and make charitable contributions. Our Insights

What Brexit Means for Financial Institutions

BCG

Focus Monday, August 01, 2016. The vote in favor of “Brexit,” Britain’s exit from the EU, has created significant uncertainty for the UK, the EU, and global economies. The arrangements for the UK’s departure and the terms and timing of the eventual exit are unclear.

Financial globalization hits a more stable, inclusive stride

McKinsey

After the global financial crisis, a number of countries stepped back from the world stage, choosing to instead focus on domestic capital while being more selective about foreign investments.

ModelOff 2012 ? The Financial Modeling World Championships

Tom Spencer

ModelOff 2012 – Financial Modeling World Championships. MODELOFF is a fun, innovative and professional competition for students and young professionals to develop and test their financial modeling skills against their friends, colleagues and top modelers from around the world.

Growing through M&A in Financial Services

Strategy+Business

In a wide-ranging interview presented as part of our "Inside the Mind of the CEO" series, Gary Norcross, chief executive officer of global payment and financial technology giant FIS, discusses the company's strategy. FIS is preparing for growth amid disruption by investing in acquisitions, placing bets on startups, and bolstering its own technological capabilities

3 ways financial advisory consulting bests strategy consulting

Management Consulted

From the variety of work and access to C-level executives to the wide array of exit opportunities, strategy operations consulting far surpassed financial advisory consulting as our recommended career to pursue. Financial advisory firms recruit from a broader set of schools.

Ensuring Digital Readiness in Financial Services

BCG

Article Thursday, April 28, 2016. Across industries, digital innovators are pushing customer service standards higher every day, offering ever-expanding arrays of cutting-edge, digitally enabled services and features.

Financial globalization 2.0

McKinsey

Signs of greater resilience and increased stability are everywhere. Actions taken over the last ten years therefore imply less fragility when the next crisis hits, as it surely will, write Susan Lund and Hans-Helmot Kotz in Project Syndicate. MGI in the News

Mobile money in emerging markets: The business case for financial inclusion

McKinsey

Insights on Financial ServicesMeeting the mobile money needs of the unbanked in emerging markets is a vast opportunity. To succeed, providers need a clear view on what drives mobile money economics, and an innovative mind-set.

The Financial Insecurity Bias

Strategy+Business

If people haven't lived up to their own financial expectations or think their peers are better off, it can affect the way they spend and save, and can make them more likely to behave unethically.

Improving Financial Inclusion in South Africa

BCG

Financial inclusion, which is linked to family prosperity, GDP growth, and reduction of poverty rates, can help build a more promising future for South Africa. But financial institutions and the government must work together closely to achieve it. Focus Tuesday, April 11, 2017.

5 reasons to choose strategy consulting over financial advisory consulting

Management Consulted

Strategy consulting vs. financial advisory consulting – both are consulting. Financial advisory consultants address how a company spends cash, manages debt, and issues equity for specific internal projects, acquisitions, or other key growth plans. One note – we’re addressing here specifically financial advisory consultants who work for large companies – not personal financial advisors.

What a Business Financial Statement Can Tell You About the Health of Your Business

Tom Spencer

Bills come in, sales go out, you have your day-to-day goals and you watch the curvy line of profit and loss make its inexorable progress throughout the financial year. You have your big one-year and … Continue reading "What a Business Financial Statement Can Tell You About the Health of Your Business". Business Strategy balance sheet business planning cash flow statement financial statements income statement

The Ghost of Financial Crises Past

Strategy+Business

Economic historian Barry Eichengreen finds telling parallels between the botched responses to the stock market crash of 1929 and the financial crisis of 2008

Efraim Benmelech on Financial Disease

Strategy+Business

The associate professor of finance at the Kellogg School of Management, discusses the lifecycle of a financial crisis. For more related insights, read " Efraim Benmelech on Financial Contagion

Looking Beyond Short Term Financial Metrics (Nigel Lake, Part 2 of 10)

Tom Spencer

Tom: Do you think that short term financial metrics are part of the problem in developing long term strategy? Business Strategy HIP Investor Nigel Lake Nokia Royal Mail Short Term Financial Metrics The Long Term Starts Tomorrow(Source: Flickr ).

Lacy Hunt on Financial Repression; Deleveraging Not

MishTalk

In another of his series on Financial Repression, Gordon Long of Market Research and Analytics interviewed Dr. Lacy Hunt, Executive Vice President of Hoisington Investment Management Company. On Long''s Financial Repression Website , you can see all the interviews in this series.

What Has the Eurozone Learned from the Financial Crisis?

Harvard Business

This month marks the 10-year anniversary of the Lehman Brothers collapse, the prelude to the worst global financial crisis since 1929. economy are asking whether we learned enough from the 2008 crisis about how to manage risk in the financial system. Thomas Janisch/Getty Images.

Finding Your Way to Financial Freedom | Women in Consulting

Women in Consulting

Nonprofit Financial Management Software Fund Accounting Software Fund Accounting Software Modules Nonprofit Accounting. Peer-to-peer Fundraising Email Marketing Website Management Website Design Payment Processing Sphere Know How Blog Sphere Knowledgebase Sphere Forum Case Central Sphere Connect Sphere Connect Partners Blackbaud Connect Partner Network Overview Partner Login. Get the Flash Player to see this player. -->.

Big Data and Machine Learning Won’t Save Us from Another Financial Crisis

Harvard Business

Ten years on from the financial crisis, stock markets are regularly reaching new highs and volatility levels new lows. The financial industry has enthusiastically and profitably embraced big data and computational algorithms, emboldened by the many triumphs of machine learning.

A Blueprint for Digital Companies’ Financial Reporting

Harvard Business

In a recent HBR article , we claimed that modern digital companies such as Uber, Facebook, and Alphabet play an increasingly important role in the economy, but their financial statements fail to capture company’s main value drivers. In a follow up HBR article , we interviewed several chief financial officers (CFOs) of leading technology companies and senior analysts of investment banks and distilled seven key insights from those discussions. Dorling Kindersley/Getty Images.

The Digitization of Financial Services

Strategy+Business

If it expects to keep growing, the industry must adopt a digital mind-set

A winning partnership: Financial institutions and strategic suppliers

McKinsey

For financial institutions, working with truly strategic partners is, and should be, very different from managing other supplier relationships. Our Insights

“Positive Ripple” Asininity Courtesy of Financial Times

MishTalk

Economically illiterate Financial Times writer Gillian Tett is singing the praises of inflation. There’s nothing special about being an economic illiterate. It’s the norm. What’s unusual is the way Tett pretends to know what is best for everyone in Japan. “ A generation has grown up thinking deflation is normal and desirable ,” says Tett. more…). Economics

Abra Cadabra: Yellen “No Financial Crisis in Our Lifetime” vs Fed’s Kashkari “67% Chance of Another Financial Crisis”

MishTalk

Fed Chair Janet Yellen made financial news today when she proclaimed that she expects No New Financial Crisis in ‘Our Lifetimes’ (more…). Economics

Crowd Investing: An Emerging Financial Force

Strategy+Business

New platforms linking investors and entrepreneurs could have a dramatic effect on the banking industry and on economic growth

Are US consumers feeling greater financial security?

McKinsey

Our latest survey suggests that consumer confidence is on the upswing. Our Insights

Financial Blogger Profile of "Mish" on Equities.Com

MishTalk

Daniel Banas at Equities.Com interviewed me last week via phone for their profile series on " the most distinct and noteworthy voices in the world of financial blogging." Tweet From Barry Today, Barry was nice enough to tweet "Nice Profile of Mike Shedlock ( @MishGEA ) at Equities.com Global Financial Community shar.es/1omVEm EQ : With so many differing opinions, what differentiates Mish’s Global Economic Trend Analysis from other financial blogs out there?

Rickards: “Next Financial Crisis 6-8 Months Away” Got Popcorn? Gold?

MishTalk

In a Daily Mail interview, Jim Rickards says the next financial crisis is eight months away, will be BIGGER than the last and triggered by war with North Korea. “It is inevitable, it will hit us in the next six to eight months,” claims Rickards. more…). Economics