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How Banks Can Compete Against an Army of Fintech Startups

Harvard Business

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 133
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Economies of Scope - Tom Spencer consulting blog

Tom Spencer

Economies of scope exist where a firm can produce two products at a lower per unit cost than would be possible if it produced only the one. If properly understood, economies of scope could be used by SMEs to drive profit growth and reduce the risk associated with product failure. Importance. burgers, fries, sundaes and salads).

Cash Flow 117
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China Faces "Minsky Moment" on Ponzi Financing

MishTalk

In recent weeks, a trip to the region and further research into China’s shadow banking system have convinced us that China is approaching its “Minsky Moment,” which increases the chances of a disorderly unwind of China’s excesses. Gross Domestic Product (GDP) growth to 5.0% Gross Domestic Product (GDP) growth to 5.0%

Finance 74
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Asset Management – Valuation (Part 2 of 4)

Tom Spencer

There are a couple of reasons for this: Asset managers can see cash flow and earnings fluctuate wildly with markets. For alternative asset managers such as hedge funds, their cash flows may be cut by more than half as profits fall and they collect a smaller fee from their profit participation agreements.

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Setting Up a Foundation for Consulting Success

Successful Independent Consulting

Set up a business bank account separate from your personal accounts to make tax preparation easier. If you're doing business as anything other than a sole proprietor the bank will need to see your business documentation from the state. For example, a business license in New York City will cost more than in a small town in Idaho.

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Housing Starts in China Plunge 25%; Did China's Property Bubble Finally Burst?

MishTalk

Economic data released on Tuesday also included a deceleration in industrial production, with growth in steel and cement output slowing to a crawl. Financial Vulnerabilities in China In its May Financial Stability Report , the Reserve Bank of New Zealand warns about financial vulnerabilities in China.

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$550 Billion Energy Junk Bond Bubble Busts; "Whac-A-Mole" Distortions in Multiple Markets

MishTalk

Energy production is extremely capital intense, and often accompanied by negative free cash flow. Since early 2010, energy producers have raised $550 billion of new bonds and loans as the Federal Reserve held borrowing costs near zero, according to Deutsche Bank AG. Junk bonds of Energy XXI Ltd. cents since September.

Energy 78