Discover and read the best of Twitter Threads about #bankers

Most recents (12)

Do credit #underwriters, at banks, actually read the credit memo and the financial risk/credit scorecard attached and prepared by the analysts with the credit proposal?
In some jurisdictions the Head Office, Credit Committee Members don't even give a damn about the due diligence
#Bankers should not keep the Credit Manual for the Auditor's pleasure.

I don't want to expand on this one more.
And with the implementation of the @BIS_org Accords over the years, bankers have still not updated their manuals, policies, strategies, etc
Some bankers, especially credit back office, RMs, and Middle Office Risk Analysts still don't factor in credit risk metrics as required.
Read 8 tweets
Posted up at the #Oklahoma Development Finance Authority again today because I lover #bankers and also figure the $4 billion #securitization program of February's #okwx-related utility debt should be monitored.

Buckle up for a thread! ImageImage
Board member Bridger Cox and Secretary Brent Kisling are not in attendance today. Chairman Roger Wagner introduces a woman named Katherine (Catherine?) to go over financials. Says "over the last 11 months, ODFA has held an average cash balance of $9.1 million."
"The current balance sheet is very in line with our budgeted balance sheet," she says, adding that composition of general fund revenue has changed. Gone from $104,000 to $213,000 in closing cost revenue year to year.

Interest rate has declined on cash balance.

Lotta money.
Read 20 tweets
🧵I love #football

Have done since the 1980's ⚽️

Nowadays though, the off-field stuff seems to get as much coverage & column inches as the game itself 🗞️📺📱

Competition isn't just about trophies - it's about eyeballs, soft power, geo-politics, PR and #money

Quick tale...
Did you see that news report from the #US this week about the #billionaire financier #TomBarrack being arrested? ($250m bail)

In the weird (but fun) world we live in, that incident ties to #NewcastleUnited & the #PremierLeague

Say what?! 🧐

#FollowTheMoney #Networks #Power 💸
We have;

- Billionaires acting as back-channel diplomats (💰)
- Political actors orchestrating things but pretending they're not
- Qatar buy rights to #EPL for region
- Saudi pirate them #AJ #BeIn #BeOut
- SA try to buy NUFC
- Qatar say "No Way"

#Rights ✍️/👨‍👩‍👧‍👦
#Value (s) 💸🙏⚽️
Read 17 tweets
1/13: There’s a lot of chatter recently about #Fintechs not wanting to hire people with traditional #Banking backgrounds and traditional #Bankers pointing out how short-sighted this is. It’s a complex topic that’s worth unpacking. 👇 Image
2/13: Like with most arguments, there isn’t a right or a wrong side. Every company is unique and every hiring decision is the net result of a complex series of tradeoffs. Finding the perfect fit for any role is a noble goal to pursue but is unfortunately a fantasy standard IRL.
3/13: Banker Perspective: Fintechs don’t realize how the machinery works. They don’t appreciate how to navigate building products and delivering services in a highly regulated world. They should appreciate how many landmines could be avoided if they just hired experienced people.
Read 13 tweets
What are new graduates doing to be attractive to banks entry-level analyst programs?
@ABABankers @TheBanker @CIOonline @RiskDotNet @FT
Interesting question.
Banking sector MTO - Management Trainee Officers Program vary from country to country.
In my country Bank Staff Colleges train young graduates to become bankers.
The hired graduates have to undergo an intensive training course by attending several In-house boot camps or lecture hall workshops before they are moved into the formal workplace.
Read 38 tweets
What are the advantages when we compare Quantitative Finance and Quantitative Economics? How likely can a quantitative economics student find a job in the industry compared to quantitative finance?
@ecmaEditors @economics @CQFInstitute @LSEeconomics
Both are different Pathways leading to different roles in the economy!

•QF - Quantitative Finance will make you more employable in the financial services industry and across (Financial Risk, ERM, Insurance, Actuarial Finance and Derivative Modelling) consulting sectors.
•QE - Quantitative Economics will enhance your chances of getting hired across the research arms of the financial services industry or the (Civil services) bureaucracy, & /or it further enables you to do a PhD in Mathematical Economics / Econometrics, etc.
Read 15 tweets
#Bankers_On_Strike

It is now clear that govt is not going to deter with only #TwitterTrends long #Threads and fact putting by #Bankers

For last so many days I was reading and listening to so may experts and none has voiced against #Privatisation
The most they said that it should not go to #corporates who run businesses as it would lead to fund own business from own banks. However if private banks take over the PSBs they are almost ok.

#Privatisation of PSBs in Budget annoucement was a well planned action of Govt.
The rumour and speculations are at the peak without any iotta of clue, what next?

When the bill will be tabled?

What are the names?

Who are the buyers?

How the plan will be executed?

But one thing everyone missing is no discussion of 'Bad Bank' which is announced by the FM.
Read 15 tweets
Aims of the #GreatReset #American #Bankers #Oligarchy ... "We will promote social justice policies to reduce inequalities including through support to tax redistributive & domestic resource optimization approaches social safety nets & or insurance schemes"
Newly Unsealed Docs in 2018 showed top #FDIC Officials Running Operation #ChokePoint* under 2013 #ObamaAdministration to form public/private oligarchy

* to freeze politically disfavored #businesses deemed not PC / high risk out of the financial system
forbes.com/sites/norbertm…
Read 39 tweets
#Thread
1/

In the run up to the #USPresidentialElections2020 when the characters & stories seem more mind-boggling than ever, it can be difficult to discern...
'How the fuck did the world end up here'?

Some great answers/insight here #Kleptopia 👏📕
💸
2/
Uncivil & Outright Criminal Behaviour seems to have been normalised throughout societies everywhere;

- Politics
- Crony Capitalism
- Social Media
- Reality TV
... Even Sport 🧐

I've tried to get my head around it with the help of some good books & following smart journo's Image
3/

To understand the rise of;
-Strongman leaders
-Autocrats
-Dictators
-Kleptocrats
-Crooks
-Spooks
-Shady financiers
-Conmen

& other maniacal actors worldwide, there's some good reading in the pics below & above👀

#politicains #bankers #crooks #spooks #crime #money #power Image
Read 26 tweets
In Simple Words...
Follow rules of 3 Monkeys 🐒 of #GandhiJi and use the word #NPA in place of #Evil

#SeeNoNPA
#SpeakNoNPA
#HearNoNPA

and when there is no #NPA you don’t have to follow any legal recourses to recover it from #Defaulters

#StopPrivatisation #SavePSBs
it’s like someone has been diagnosed fatal disease like #Cancer which is at very early & initial stage where it can be easily treated and cured but instead of start medical treatment, he has been asked not to believe in diagnostics reports and keep quite & do nothing #SaveBanks
Moreover, he has been asked not to believe in diagnostics reports & start thinking that he is very healthy and don’t have any problems and not to take any medicine until the disease reaches at its last stage and he start dying. #SaveBanks
@idesibanda @Bankers_United @bankers_we
Read 6 tweets
state-owned banks. have an important social objective—to meet the needs of the most vulnerable sections of the economy. Does Private Banks do that ?
PSBs are directed and obligated to help weaker sector despite huge loss, No private Bank would invest in it.
#StopPrivatization
PVTsn makes mngmnt more accountable to markets ✅
But
➡️PSBs,having been partially privatized since 92 banking sector reforms,are already subject to stock-market discipline-including corporate disclosures & regular audited financial reports.
➡️mngmnt is already accountable
2/n
➡️PVTsn would foster competition which would reduce cost of financial intermediation & improve bank profitability✅
BUT
➡️it is unclear how a change in ownership from gov to private hands would increase competition if the number of participants in the industry remain the same
3/n
Read 10 tweets
Now family of former Park Avenue Bank director Mendel Zilberberg fill #SDNY Mag Court, & defense lawyer Ben Brafman- thread
As described, Aron Fried & Zilberberg was a straw borrower to get $1.4M, ostensibly for a home health care business
So where were the bank regulators? And why aren't they here in the @SDNYLIVE Mag Court?
Read 14 tweets

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