Tom Spencer

OCTOBER 13, 2023

Efficiency ratio The efficiency ratio measures effective cost management and operational efficiency, and is defined as non-interest expenses divided by revenue. It’s also important to note that TSR is influenced by various factors beyond a bank’s direct control, such as market conditions, industry trends, and investor sentiment.

Metrics 88

Metrics Banking Balance Sheet Efficiency 88

MishTalk

DECEMBER 14, 2015

Merits of Not Shrinking the Balloon When the Fed first launched QE, they stated they had the "tools" necessary to shrink their ballooning balance sheet. Once the Federal Reserve lifts interest rates from near zero, likely this week, the focus will turn to the other legacy of the crisis-era policies: the Fed's swollen balance sheet.

Balance Sheet 28

Balance Sheet Banking Tools Policies 28

MishTalk

OCTOBER 26, 2013

Inquiring minds are monitoring the Fed''s Balance Sheet. One more week like this and the FED balance sheet will be $1 trillion more than last year at this time. With little fanfare or analysis by mainstream media as to what is really happening, Bloomberg reports Fed Gets Bigger in Markets as QE Prompts New Tools.

Banking 60

Banking Tools Balance Sheet Policies 60

MishTalk

OCTOBER 6, 2015

Reader Gary emailed a link to JP Morgan's Quarterly Market Guide. Central Bank Policy Rates Current Rates Bank of England: 0.50% Bank of Japan: 0.10% Fed: 0.00%-0.25% (currently 0.14%) ECB: 0.05% Central Bank Balance Sheets Three Questions Other than asset bubbles, what do we have to show for this?

Balance Sheet 28

Balance Sheet Banking Policies Marketing 28

MishTalk

JANUARY 26, 2016

Fed Balance Sheet vs. S&P 500 I was playing around with some ideas on the St Louis Fed "Fred" database and came up with this. Mike "Mish" Shedlock Mike "Mish" Shedlock is a registered investment advisor representative for SitkaPacific Capital Management.

Balance Sheet 28

Balance Sheet Engineering Financial Management 28

Harvard Business

MAY 24, 2017

Today’s executives spend a lot of time managing the balance sheet, despite the fact that it doesn’t represent their company’s scarcest resource. Financial capital is abundant but carefully managed; human capital is scarce but not carefully managed. How can we manage human capital better?

Management 53

Management Company Balance Sheet Talent 53

MishTalk

MARCH 28, 2014

reader Dave, a friend, noted that as the Fed jacked up its balance sheet, velocity has mirrored the curve to the downside. Mike "Mish" Shedlock [link] Mike "Mish" Shedlock is a registered investment advisor representative for SitkaPacific Capital Management.

Banking 60

Banking Balance Sheet System Financial 60

MishTalk

SEPTEMBER 30, 2014

On September 4, ECB President pulled out a financial bazooka including a pledge to build up the ECB''s balance sheet by another €1 trillion. In this case, the stench on Greek bank balance sheets will not go away. Instead, stench will also appear on the balance sheet of the ECB.

Balance Sheet 59

Balance Sheet Real Estate Banking Policies 59

MishTalk

SEPTEMBER 4, 2014

Question: Mr Draghi, you said that the new measures and the TLTROs will have a sizeable impact on your balance sheet. So all this makes a precise estimate of the impact that these transactions will have on our balance sheet very complicated, especially at the stage when none of these operations have as yet been undertaken.

Balance Sheet 59

Balance Sheet Real Estate Banking Operations 59

MishTalk

FEBRUARY 16, 2014

Retail investors aren’t the only ones suffering from the woes of the emerging markets: Procter & Gamble PG +2.06% is feeling the pain of foreign currencies, too. bolivare-per-USD rate, thus the near-$300 million charge P&G now expects to incur on its third quarter balance sheet. certain P&G products — are exchanged.

Balance Sheet 64

Balance Sheet Productivity Sales Policies 64

MishTalk

OCTOBER 8, 2015

Current Liabilities Cash Much Smaller Than You Think I don't often dive into balance sheets, but did so after reading a Market-Watch opinion by Brett Arends. billion in “off-balance-sheet” liabilities. If “off-balance-sheet” is not included in my totals, then subtract another $31.5 billion and $137.1

Balance Sheet 28

Balance Sheet Report Exercises Analysis 28

MishTalk

MARCH 19, 2014

The Fed’s tapering merely slows the growth of its balance sheet. The rarely admitted truth, however, is that there is no need for central banks’ balance sheets to shrink. They could stay permanently larger; and, for some countries, permanently bigger central-bank balance sheets will help reduce public-debt burdens.

Balance Sheet 53

Balance Sheet Banking Government Policies 53

MishTalk

NOVEMBER 20, 2013

trillion balance sheet is leveraged nearly 49-to-1. As a group, these three banks have some €4 trillion in assets on their balance sheets, supported by €129.3 link] Mike "Mish" Shedlock is a registered investment advisor representative for SitkaPacific Capital Management. of its assets—which means its €1.6

Balance Sheet 73

Balance Sheet Banking Financial Finance 73

MishTalk

DECEMBER 9, 2014

Covered bond supply has reached its lowest level in nearly two decades as the European Central Bank has been accused of crowding out investors from the market by pushing up prices and depressing yields. This is in spite of an ECB programme announced in September aiming to stimulate the market. The ECB is crowding out investors.

Marketing 52

Marketing Balance Sheet Banking Policies 52

MishTalk

AUGUST 8, 2013

In Fed Balance Sheet vs. Stock Market; Will QE Cause Inflation? I posted an interesting chart by reader Tim Wallace of the stock market vs. Fed asset holding (repeated below for convenience). Fed Balance Sheet vs. Stock Market. What about foreign central bank assets, especially China and Japan?

Balance Sheet 58

Balance Sheet Banking Marketing Report 58

Johanna Rothman

AUGUST 14, 2019

This post is about how management fits into agile approaches. Too often, managers think “agile” is for others, specifically teams of people. Teams need to figure out how to manage their WIP, collaborate with the customer, and deliver something small every day. That's a cultural change to self-managing teams.

Agile 69

Agile Management Efficiency Culture 69

MishTalk

MAY 20, 2014

Yesterday, former fed chair Ben Bernanke said " No Need for Fed to Shrink Balance Sheet ". The Federal Reserve does not need to shrink its $4 trillion-plus balance sheet by even "a dime" for it to normalize monetary policy when the time comes, former Fed Chair Ben Bernanke said on Monday.

Balance Sheet 50

Balance Sheet Strategy& Strategy Strategy 50

Tom Spencer

APRIL 17, 2014

This is not necessarily a problem if the decline was expected because a business is sustained from cashflow, not profit, and long term growth can be pursued through capital appreciation, which shows up on the balance sheet and not on the profit and loss statement. Shrinking market size. Profit equals revenue minus cost.

Sales 104

Sales Balance Sheet Examples Productivity 104

MishTalk

NOVEMBER 6, 2014

Having already cut interest rates to record lows and saying they can go no lower, Draghi is now focused on boosting the ECB’s balance sheet. We are quite confident that the impact on our balance sheet size will be adequate, will be significant, will be sizable,” Draghi said. trillion] more than the current level.

Balance Sheet 53

Balance Sheet Banking Government Policies 53

Tom Spencer

APRIL 21, 2023

These reports typically include information on a company’s financial performance, management team, competitors, industry trends, and any other relevant information. This includes analyzing a company’s financial statements, such as its income statement, balance sheet, and cash flow statement.

Research 88

Research Balance Sheet Cash Flow Analysis 88

MishTalk

AUGUST 6, 2013

Minyanville Business and Market News. Balanced Budget Ammendment Sign the Balanced Budget Petition. China Financial Markets. Market Oracle. Market Ticker. Real Clear Markets. Reader Question: Does the Fed Balance Sheet Properly Reflect QE Announcements? Feds Balance Sheet.

Balance Sheet 48

Balance Sheet Analysis Trends Real Estate 48

Tom Spencer

OCTOBER 6, 2023

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. It reflects the bank’s assessment of potential losses it may incur and its commitment to maintaining a strong balance sheet.

Banking 88

Banking Balance Sheet Operations Financial 88

MishTalk

OCTOBER 26, 2014

The results of the ECB’s examination of balance sheets worth €22tn, known as the Asset Quality Review, will require the 130 lenders who took part in the exercise to adjust the value of their assets in their accounts or prudential requirements. The 130 banks account for 81.6 per cent of all eurozone assets.

Balance Sheet 59

Balance Sheet Banking Exercises Report 59

MishTalk

DECEMBER 23, 2013

An exceptional bid by China’s central bank to curb soaring interest rates and relieve pressure on the financial system appeared to have come up short on Monday, as Chinese money market rates shrugged off the measure and continued to approach the crisis levels seen in June.

Balance Sheet 60

Balance Sheet Banking Benchmarking Financial 60

MishTalk

MARCH 24, 2014

I have to admit (time and time again actually), that this market has gone further, faster, than I thought possible. Over Next Seven Years, Market Will have Negative Returns" I strongly encourage you to read an interview of Jeremy Grantham, by Stephen Gandel, senior editor of Fortune : The Fed is Killing the Recovery. Grantham : No.

Marketing 53

Marketing Balance Sheet Interviews Benchmarking 53

MishTalk

DECEMBER 4, 2013

These securities are sold in order to add liquidity to the mortgage market, thereby making funds available to borrowers. "If If Fannie and Freddie go away, what then happens to the mortgage markets?" In essence, we should return lending to the free market. And we won''t have fixed-rate mortgages." I too support the idea.

Government 57

Government Balance Sheet Real Estate Banking 57

Tom Spencer

JULY 7, 2023

I was assigned to a typical strategy engagement – should client X selling product Y increase sales in market Z? We repeated our request a week later, but they only provided a balance sheet from the previous year. His advice was specific to consulting, but applicable to other areas of business too.

Data 78

Data Consulting Balance Sheet Analysis 78

MishTalk

JANUARY 26, 2014

In Emerging Market Contagion Spreads , I presented a viewpoint that emerging market currencies have been under pressure because of falling commodity prices. To be fair, quite a few emerging market currencies as well as the currencies of developed countries that are large commodity exporters have been under pressure for some time.

Balance Sheet 67

Balance Sheet Banking Tourism Sports 67

MishTalk

DECEMBER 26, 2013

China''s Move to Market-Set Rates Let''s step back to December 8 and look at China Relaxes Grip on Interest Rates China is relaxing its grip on interest rates with the launch of a financial instrument that allows banks to trade deposits with each other at market-determined prices. China’s credit boom is still in full swing.

Balance Sheet 48

Balance Sheet Marketing Banking Financial 48

Tom Spencer

OCTOBER 26, 2019

Depending on the firm and specific role this case could be very strategic and operational like doing a market entry/growth-type case or very technical (i.e. Increased market share : assuming the two companies are in the same industry, bringing their resources together may result in larger market share. Image: Pixabay.

Balance Sheet 60

Balance Sheet Case Interview Case Study Case Studies 60

MishTalk

AUGUST 22, 2013

From 1997-2000 the Fed ignored a major bubble in the stock market. He conveniently ignores the fact he was on the Fed in the Greenspan years, that he presided over the biggest property bubble in history, and he also ignores the stock market bubble we are in now. Inflation Benefit 3 (?): "Balance sheet recession" might go away!

Balance Sheet 55

Balance Sheet Real Estate Banking Government 55

MishTalk

DECEMBER 16, 2014

Instituting massive rate hikes in such a situation is certainly a better approach than wasting foreign reserves in market interventions. See above link for charts on Russia money supply growth and Russia''s central bank balance sheet. Russia’s central bank is actually known for being quite conservative.

Balance Sheet 56

Balance Sheet Banking Energy Marketing 56

MishTalk

JANUARY 16, 2014

But now ECB president Mario Draghi, says debt that banks hold to maturity will not have to be set at market value or penalized. The ECB will not force European banks to adjust to market value of sovereign debt portfolios that are classified as held to maturity.

Balance Sheet 56

Balance Sheet Banking Exercises Financial 56

Business Consulting Agency

AUGUST 12, 2023

Review income statements, balance sheets, and cash flow to identify areas that impact profitability. Consider cross-selling, upselling, and expanding into new markets. Sales and Marketing Optimization : Evaluate your sales and marketing efforts. Ensure these goals align with your long-term financial strategy.

Cash Flow 52

Cash Flow Balance Sheet Financial Efficiency 52

MishTalk

JULY 11, 2014

The BIS slam, coupled with a recent stock market selloff, brought up debate on a " controlled collapse ". Over the past few years, non-financial corporations in a number of EMEs have borrowed heavily through their foreign affiliates in the capital markets, with the debt denominated mainly in foreign currency.

Balance Sheet 57

Balance Sheet Financial Banking Policies 57

MishTalk

MAY 19, 2014

Corporate balance sheets are in excellent shape, and there is still an ample cash cushion available to fund operations in the event of a growth setback. Might the market start pricing in an expectation of higher defaults even if defaults themselves do not soar? What about liquidity risks if the market turns on junk bonds?

Balance Sheet 50

Balance Sheet Operations Banking Policies 50

MishTalk

JULY 30, 2014

That’s because it shifts some pollution — and the burden for cleaning it — onto another other country’s balance sheet. Obama pretties up his own climate balance, but it doesn’t help the global climate at all if Obama’s carbon dioxide is coming out of chimneys in Germany.” So, too, are the prices on the carbon market in Europe.

Balance Sheet 54

Balance Sheet Enterprise Energy Banking 54