Harvard Business Review

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.

Banking 11

Banking Credit Scoring Stage-Gate Competitive Advantage 11

Harvard Business Review

MAY 15, 2012

Institutional banking businesses — including trading operations — typically don't have high barriers to entry. financial institution has pulled back or failed, there has almost always been a European bank or a Japanese bank or some other player willing to take over its trading operations or enter the market in its place.

Banking 9

Banking Hedge Constraint Operations 9

Harvard Business Review

MAY 15, 2014

s Co-operative Bank in June 2013. This shortfall resulted in its parent, Co-operative Group, ceding control of the bank to bondholders, including U.S. hedge funds. full-service bank and, with limited exceptions, major banks in Europe and North America. billion capital shortfall announced by the U.K.’s

Banking 8

Banking Project Enterprise Architecture CIO 8

Strategy Driven

NOVEMBER 22, 2022

For example, investors can use physical precious metals as a hedge against currency devaluation or inflation. These assets can also be used as a store of value and a potential hedge against geopolitical risks. Both can be a hedge against inflation. These investments are also a good hedge against inflation.

Hedge 123

Hedge Price Short-term Reputation 123

HR Digest

MAY 2, 2019

I was at a conference recently and one of the speakers remarked that “Culture hedges against the risk of uncertainty.” Earlier, he held senior HR positions in banking and financial services in Australia and the Middle East, working extensively across different cultures. That, I think gets to the heart of what the right culture can do.

Resources 40

Resources Human Resources Leadership Pipeline Learning-by-Doing 40

N2Growth Blog

NOVEMBER 10, 2010

It was Andy Grove the former Chairman and CEO of Intel and Time Magazine’s 1997 Man of the Year who said “You have to take action; you can’t hesitate or hedge your bets. A close examination of truly great leaders will reveal that, to the one, they all have a strong bias toward action. Why do we crave leadership nowadays?

Blog 373

Blog Learning-by-Doing CEO Strategy 373

Harvard Business Review

AUGUST 28, 2014

To understand why, one need only look at the state of America’s community banks: Former SBA administrator and HBS professor Karen Mills wrote about this for HBR earlier this month, arguing that the decline of community banks has threatened small business lending in the U.S. ” That’s not necessarily a bad thing.

IPO 8

IPO Due Diligence Credit Scoring Hedge 8

Harvard Business Review

SEPTEMBER 26, 2014

Bank regulators in particular have been depicted as captives for years, and have even taken to describing themselves as such. Still, there is some context that’s inevitably missing, and as a former banking-regulation reporter for the American Banker , I feel called to fill some of it in.

Banking 9

Banking Conflict of Interest Policies Hedge 9

Harvard Business Review

JUNE 3, 2011

There's a beguiling little moment in the financial-crisis documentary Inside Job where hedge fund billionaire George Soros describes the principles of oil tanker design. To mainstream economists the Glass-Steagall Act that separated the banking and securities industries looked like a competition-restricting, innovation-damping anachronism.

Banking 14

Banking Crisis Letter Hedge 14

Harvard Business Review

OCTOBER 9, 2015

” On the other side, noted economist and hedge fund adviser Larry Summers cautions that reforming “quarterly capitalism” would risk driving us toward “Japan’s keiretsu system, which insulated corporate management from share price pressure by tying large companies together.” years in 2002 to 7.2

Hedge 8

Hedge Short-term Long-term EPS 8

Harvard Business Review

JULY 18, 2017

Turning from evidence on liquidity to evidence on short-term investors, activist hedge funds are seen as the epitome of the latter – allegedly stripping assets and piling on debt to make a quick buck. However, a decade of research finds that hedge fund activism raises firm value by 7%, with no long-term reversal.

Short-term 8

Short-term Intangible Assets Hedge Long-term 8

Harvard Business Review

JULY 22, 2013

The involvement of banks such as Goldman and J.P. Markets that existed mainly for the convenience of industry have become dominated by exchange-traded funds, hedge funds, and investment banks. cent per aluminum can. The article is less clear about what brought this on. Is it bad rules set by the London Metal Exchange?

Cost 8

Cost Hedge Fraser Price 8

Harvard Business Review

MARCH 17, 2011

London-based HSBC, arguably the world's most global bank, recently described speculation that it was planning to shift its headquarters from London to Hong Kong as "presumptuous." Its full name is, after all, The Hong Kong and Shanghai Banking Corporation. HSBC has always been anchored in the Far East.

Banking 11

Banking Hedge Globalization Operations 11

Harvard Business Review

JUNE 25, 2012

Contrarian Number 1 is George Elliott, founder of a hedge fund (Naftilia Asset Management) that plans to buy nothing but stocks from – wait for it – Greece. Elliott does say he’ll be avoiding Greek banks, though. As befits a Monday, we’re into contrarians this morning. Bloomberg reports that he’s already raised 50 million euros.

Hedge 11

Hedge Advertising Asset Management Download 11

Harvard Business Review

JULY 27, 2015

This is where the July 2012 memorandum of understanding between Greece and the Troika (the International Monetary Fund, European Central Bank, and the European Commission) failed miserably; the previous government, much like Syriza, wanted to preserve the status quo. The IMF, ECB, and EU own the rest. And what about that price?

Banking 8

Banking Crisis Tourism Policies 8

Harvard Business Review

APRIL 2, 2013

Rawley explains in this Columbia Ideas at Work piece: “If you’re coming from a New York bank and starting up a new hedge fund, even if you are well connected in New York, you’re competing with people who are also well connected. There are a lot of hedge funds chasing dollars in New York, but very few in Missouri.”.

Hedge 8

Hedge Meyer Merchandising Price 8

Harvard Business Review

OCTOBER 16, 2014

9, armed with about 1% of Apple’s outstanding stock, the hedge-fund activist published an open letter to Apple CEO Tim Cook, urging him to accelerate the company’s stock repurchases by making a tender offer. Another hedge-fund activist, David Einhorn, was then playing that role). Carl Icahn is at it again.

Safe Harbor 9

Safe Harbor EPS Hedge Price 9

Harvard Business Review

SEPTEMBER 16, 2016

It views morality as a kind of bank account. Good acts build up credits which act as a hedge against the debits of future bad acts. This entitlement is funded by those recently deposited credits in the moral bank account. So when we behave badly, we still can consider ourselves, on balance, good people.

Licensing 8

Licensing Morale Motivation Hedge 8

Harvard Business Review

OCTOBER 24, 2014

Dudley, the president of the Federal Reserve Bank of New York, gave a speech Monday in which he used the word “culture” 45 times. I’m hoping they mark the beginning of a change in how regulators think about reining in law-breaking and excessive risk-taking at banks. The bank also went after the bonuses of the individuals involved.

Banking 9

Banking Ethics Long-term Hedge 9

Harvard Business Review

MARCH 24, 2016

New computer programs, some using artificial intelligence , are taking over tasks for bookkeepers, bank tellers, clerks, and others. For example, jobs for bank tellers have been growing since the deployment of ATMs. Some people argue that this replacement is causing technological unemployment. And this pattern is typical overall.

Technology 8

Technology Policies Hedge Banking 8

Harvard Business Review

OCTOBER 24, 2016

Large investors rely on an assortment of intermediaries to help them with their investment activities, including asset managers, such as hedge funds, investment banks, and consultants. How is this state of affairs possible? When this happens, the value creation will be substantial.

Operations 8

Operations Intangible Assets Venture Capitalist Hedge 8

Harvard Business Review

APRIL 10, 2017

Many investment banks and hedge funds operate this way, as do some law firms, consulting outfits, and tech titans. The ethos is up-or-out, sink-or-swim, rank-and-yank. It’s a tough environment, but it’s the right environment for talented people who aspire to be superstars. “They are 100 times better.”

Health Care 14

Health Care How To Hedge Environment 14

Harvard Business Review

JUNE 29, 2018

GE’s fall accelerated on October 25, 2015, with activist hedge fund Trian announcing a $2.5 Many have strategy heads, who are ex-dealmakers at investment banks, whose default assumption is that if the company has a performance problem, the natural fix is to buy and/or sell something. GE stock was trading at $25.47

TSR 9

TSR Company IPO Hedge 9

Harvard Business Review

MAY 30, 2013

What''s more, the asset management industry — in particular the alternative-asset subset of hedge funds and private equity — has exported many of its pay practices into the corporate sector. So paying bank CEOs mostly in stock is a recipe for a financial crisis.

Hedge 8

Hedge Asset Management Incentives Outsourcing 8

Harvard Business Review

AUGUST 15, 2011

Soros was by then known as "the man who broke the Bank of England" because he had reputedly made more than a billion dollars speculating against the pound in 1992. But in general, prior to the development of a sophisticated banking system, capital was invested in illiquid assets, meaning tangible, productive ones. dollar deposits."

Banking 11

Banking ROE Proposal Self-aware 11

Harvard Business Review

MAY 20, 2011

Where would your 401K be, if central banks withdrew life support for banks? Well, because the master of the universe and the house-husband alike are hedging against currency collapses from nations whose backs have been broken on the wheel of debt-driven opulence. How are weekly grocery and gas prices doing?

GDP 18

GDP Price Hedge Banking 18

Harvard Business Review

AUGUST 26, 2015

When Paul Polman became the CEO of Unilever, for example, he stopped giving analysts earnings guidance, dispensed with quarterly profit reports, and said there’d be no special treatment for hedge funds. Initially the market took a dim view of this shift, punishing the stock price.

Metrics 8

Metrics Long-term Short-term Hedge 8

Harvard Business Review

NOVEMBER 17, 2016

commercial banking industry. One example would be activist hedge funds, which are known to push for and successfully implement product market strategies that increase the market share of a target firm at the expense of its competitors. Similar effects have been shown in the U.S.

Airlines 8

Airlines Price Hedge Industry 8

Harvard Business Review

MAY 23, 2012

And it was during Drew's absences, according to a richly detailed account in The New York Times , that the bank's chief investment office, which she ran, began to get into trouble: The morning conference calls Ms. The tick-borne illness kept JPMorgan Chase's Ina Drew out of the office for extended periods in 2010 and 2011.

Management 10

Management Risk Management Competitive Intelligence Hedge 10

Harvard Business Review

MAY 31, 2012

boss, Ina Drew , the former head of their unit in of the bank's, the Chief Investment Office (CIO); and CEO Jamie Dimon, to whom the CIO reported who oversaw the CIO. Drew quickly retired after the losses, and Iksil and Macris are, according to news reports, leaving the bank.

CIO 8

CIO Committee Risk Management Banking 8

Leading Blog

APRIL 5, 2019

Should they make a big bet, hedge their position, or just wait and see? After graduating from the University of Oxford with a physics degree, he went into securities trading, first at Yamaichi International and then at the Bank of America. When faced with uncertainty, how should leaders react?

Uncertainty 309

Uncertainty Sports Credit Rating Learning-by-Doing 309

Harvard Business Review

MARCH 5, 2012

As one chief information security officer for a global bank said, "If we did all the security checks we'd like to before connecting with new hedge fund customers, they would just take their business across the street.". Unfortunately, though, it's all too easy to grind your business to a halt with doctrinaire security policies.

Supply Chain 12

Supply Chain Risk Management Hedge Banking 12

Harvard Business Review

OCTOBER 11, 2017

Moreover, career choices are highly sensitive to changes in compensation; as salaries in finance professions rose sharply from 1980 to 2005, the share of workers in investment banks, hedge funds, and similar financial establishments more than doubled.

Policies 8

Policies Career Hedge Human Capital 8

Harvard Business Review

JULY 22, 2016

BancAlliance, a consortium of community banks, has partnered with Lending Club, a peer-to-peer lending marketplace. Customized, individual lending has historically been difficult for small banks because of regulatory risk and the high cost of underwriting a large pool of loans.

Real Estate 8

Real Estate Business Model Short-term Incubator 8

Harvard Business Review

JULY 19, 2016

We pay competitively but no hedge fund-size packages.” ” Aware that rising inequality has made politicians highly sensitive about pay at private and public sector organizations, including pension funds, some institutions have taken steps to avoid unflattering media headlines.

Politics 8

Politics Hedge Constraint Globalization 8

Rich Gee Group

NOVEMBER 28, 2010

He started the Khan Academy as a way to tutor his cousins remotely — while he was a hedge fund analyst in Boston, and they were students in New Orleans. It was clear there was a huge unmet need, so Sal left his hedge fund job and started Khan Academy with the mission of providing a free world-class education to anyone, anywhere.

Hedge 314

Hedge Class Video Career 314

Harvard Business Review

JUNE 9, 2011

There's been lots of debate over how central banks should react to bubbles. As best I can tell, there are three levels of bubble danger (they correlate somewhat with Hyman Minsky's three stages of economic danger: Ponzi, speculative, and hedge finance). But what about at the level of the corporation? The Ponzi bubble.

Company 13

Company Finance Price IPO 13