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Books > Business & Economics > Industry & industrial studies > Service industries > Financial services industry
NEW YORK TIMES AND SUNDAY TIMES BUSINESS BESTSELLER SHORTLISTED FOR
THE FT AND MCKINSEY BUSINESS BOOK OF THE YEAR AWARD 2019 'Reads
more like a delicious page-turning novel...Put it on your holiday
gift list for your favourite hedge-fund honcho' Bloomberg 'A
compelling read' Economist 'Captivating' New York Times book review
Jim Simons is the greatest moneymaker in modern financial history.
His record bests those of legendary investors, including Warren
Buffett, George Soros and Ray Dalio. Yet Simons and his strategies
are shrouded in mystery. The financial industry has long craved a
look inside Simons's secretive hedge fund, Renaissance Technologies
and veteran Wall Street Journal reporter Gregory Zuckerman delivers
the goods. After a legendary career as a mathematician and a stint
breaking Soviet codes, Simons set out to conquer financial markets
with a radical approach. Simons hired physicists, mathematicians
and computer scientists - most of whom knew little about finance -
to amass piles of data and build algorithms hunting for the deeply
hidden patterns in global markets. Experts scoffed, but Simons and
his colleagues became some of the richest in the world, their
strategy of creating mathematical models and crunching data
embraced by almost every industry today. As Renaissance became a
major player in the financial world, its executives began exerting
influence on other areas. Simons became a major force in scientific
research, education and Democratic politics, funding Hilary
Clinton's presidential campaign. While senior executive Robert
Mercer is more responsible than anyone else for the Trump
presidency - he placed Steve Bannon in the campaign, funded Trump's
victorious 2016 effort and backed alt-right publication Breitbart.
Mercer also impacted the success of the Brexit campaign as he made
significant investments in Cambridge Anatlytica. For all his
prescience, Simons failed to anticipate how Mercer's activity would
impact his firm and the world. In this fast-paced narrative,
Zuckerman examines how Simons launched a quantitative revolution on
Wall Street, and reveals the impact that Simons, the quiet
billionaire king of the quants, has had on worlds well beyond
finance.
This book provides an approach to sustainable decision-making
rooted in financial and economic literature. Financial economic
techniques have the power to frame the discussion of sustainability
to explain who, how, and why sustainability is a growing phenomenon
in business and investing. Financial concepts in a sustainable
framework provide a theoretical basis to approach research and
business questions on sustainability. The framework provides for a
better understanding of the different definitions of sustainability
and the role those differences have on decisions that will lead to
the future of sustainable business. A future which relies on growth
driven by expanding its markets' reach (demographics), its
innovation or creation of new products, and its capital structure
(leverage). Third party certification and governmental regulation
become the constraints on that growth as well as the proof of
sustainable growth. Finally, the ability and methods for investors
to support sustainable growth is addressed in a modern portfolio
theory analysis.
Emergent innovative financial technologies are profoundly changing
the way in which we spend, move and manage our money, unlike ever
before, and traditional retail banks are facing stiff competition.
The global financial crisis in 2007-2009 led to large losses, and
even the collapse of a significant number of established banks
shaking the trust of financial customers worldwide. The Digital
Banking Revolution is an insightful look at how financial
technology and the rapid rise of financial technology companies
have brought welcome changes offering flexibility to the banking
industry. The book offers a unique perspective on the
consumerization of retail banking services. It delves into the many
changes that financial innovations have brought about in banking,
the main financial disruptors, the new era of "banking on the go,"
and financial innovations from countries around the world before
concluding with a discussion on the future of banking including
optimizing structures, new strategies for business outcomes, and
human resources in the digital era.
This book concentrates on some leading questions in M&A
research in last two decades and tries to find explanations
concerning cultural issues. It focuses on pre-merger/acquisition
issues mainly on negotiation, decision and intercultural due
diligence. The core of this book is the pre-M&A stage in order
to throw light on the cultural issues related to negotiation,
decision making, and due diligence. Its primary purpose is a finer
view of the impact of national, organisational and professional
cultures in mergers and acquisitions. The general questions
encountered in this book are related to nexus between culture and
integration of the two companies, management's involvement in the
cultural due diligence process, national, organisational and
professional cultures' link to negotiation and decision-making
process, negotiators' behavioral patterns, intentions, perceptions
and attitudes identified and associated with M&A's success,
managers' cultural specificity and their management practices. The
aim of this book is to provide a deeper understanding of the
cultural differences in negotiation and decision-making. This might
help organisations provide better opportunities for cross border
M&A across a wide cultural spectrum. With the increase of
global mobility, cultural due diligence becomes more and more
important. Multi-national corporations might garner a competitive
advantage when they understand the importance of cultural due
diligence. M&A professionals may benefit from a deeper
understanding of cultural values that affect the perceptions of
individuals during negotiation and decision-making by profession
across cultures. Multinational companies that do not take into
consideration or minimise the importance and the right content of
cultural due diligence expose themselves to a higher risk of
failure. The expectation of the author of this book is that the
conclusions would help alert M&A scholars and practitioners of
the need to thoroughly understand the cultural issues influencing
the pre-M&A processes.
The lending industry is comprised of a wide variety of sectors,
such as banking, credit cards, mortgages, leasing and consumer
finance. Many of these sectors have interconnections and synergies.
In addition, a large number of related services and technologies
have a major influence on the lending and credit business.
Meanwhile, international acquisitions are shaping up the globalized
banking industry of the future. This carefully-researched book is a
banking, credit and mortgages market research and business
intelligence tool-everything you need to know about the business of
banking, credit cards, mortgages and lending, including: money
center banks; regional banks; savings associations; brokerage; home
equity loans; credit cards; globalization of the banking and
lending industries; and other services provided by non-bank
enterprises. Analysis includes significant trends in banking and
lending technologies, risk analysis, payment processing, call
centers and other support services, online banking trends, ATMs and
software. This book includes our profiles of 325 of the world's
leading firms in the banking, mortgages and credit industry. You'll
find a complete overview, industry analysis and market research
report in one superb, value-priced package.
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