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Corporate Banks Need Radical Tech Shift, Say Analysts

PYMNTS

Analysts at the consulting firm released a new report that warns traditional banks need to make more radical changes to their approaches to innovation and technology if they are to remain viable. The weakest performers fell below the returns hurdle rate across regions and across segments, the report noted. ”

Banking 43
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Transcript: Tim Buckley, Vanguard’s CEO

Barry Ritholtz

We have lowered the cost of investing, and we have improved the quality of those funds. It forced us to make some tough choices in that time in some big investments, whether we were building out our advice capabilities and building virtual teams to do it, or you know, tough choices in our retirement business.

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Transcript: Julian Salisbury, GS

Barry Ritholtz

He is the Chief Investment Officer of Asset and Wealth Management at Goldman Sachs. He co-chairs a number of the asset management investment committees. I thought this was an absolutely fascinating way to see the world of investment management. Investment banks were not really a known concept in the area where I grew up.

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Transcript: Stephen Suttmeier

Barry Ritholtz

You work at Capital Growth Financial and in former global markets before you join investing Giant Merrill Lynch in 2007, what was that transition like from smaller shops to a really, really big one? Technology, you know, the sector itself, the technology still has a stronger relative chart pattern. That’s right.