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EU Banks Prep For $26B In Q2 Loan Losses

PYMNTS

European banks are preparing to take huge losses on their loans as COVID-19 keeps taking its toll on financial institutions. The Financial Times reported the European Union’s (EU) largest banks estimated there will be at least 23 billion euros ($26.8 billion) in loan losses for European banks over the next three years.

Banking 60
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CFOs to face EBITDA margins challenges, Gartner says

Future CFO

Traditional sources of capital funding such as bank lending or bond issues will become less viable as lenders and investors put greater scrutiny on near-term payback risk. Without true end-to-end process automation, any time savings from automation will be fractional.

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Go-Pay Wants To Strengthen Its Position In Indonesia Payments Market

PYMNTS

Redseer, a management consultancy, found that segment is forecast to grow to $25 billion in 2023 from $1.5 Go-Pay would also partner with a bank to drive adoption of digital payments in Indonesia, he said. According to CNBC, the eWallet segment is the fastest growing part of FinTech in Indonesia.

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Why the old-school CFO’s days are numbered

Future CFO

I started my career as a Management Consultant at electronics giant Siemens AG in 1994 and only took on my first CFO role 13 years ago at the company’s US$1.5 It requires breaking out of the mysterious silo from which some CFOs used to issue dry reports of historical numbers or forecasts. or ‘what if we breach a bond covenant?’

Numbers 52
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Transcript: Tom Hancock, GMO

Barry Ritholtz

I’d say management consulting is any of the other thing that least at that time was the other career trajectory, just my personality, more of a math oriented introvert. My mental image was that he worked in the bank of, back of a bank approving mortgage applications. Finance was the natural fit for GMO.