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The Front Office, Middle Office, and Back Office: How Banks Organize Their Dungeons

Brian DeChesare

First, note that these terms apply only to investment banks and related finance firms (private equity firms, hedge funds, etc.). Saying that you work in “the front office” of a technology company or a marketing firm makes little sense – or, at least, it means something different from the definitions in this article.

Banking 98
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Best Financial Innovations 2024

Global Finance

Innovation: AI-Based Fund Monitoring Company: Eurasian Bank In Kazakhstan, would-be homeowners often engage in shared-equity construction, a process in which future owners buy shares in a house under construction. Launched in March 2024, the chatbot is dynamic, meaning it improves the more it is used.

Banking 109
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SEC Issues Strategic Plan for Fiscal Years 2022-2026

Reynolds Holding

Transaction costs have come down, and efficiency and fairness have increased in many markets. However, increased use of, and reliance on, technology has introduced new risks and, in some cases, amplified better-known market risks. Similarly, markets are more interconnected and interdependent than ever.

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Discounted-Cash-Flow-Analysis: Your Complete Guide with Examples

Valutico

Ce = Cost of Equity. Rf = Risk-free Rate. Rm – Rf) = Equity Market Risk Premium. Cp = Cost of Equity Premium. Ce = Cost of Equity. E = Equity . Depending on the exact methodology and discount rate used, this could be the Enterprise Value or Equity Value. Market Return.

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Skadden Discusses the Impact of Banking System Turmoil

Reynolds Holding

The runs on Silicon Valley Bank (SVB) and Signature Bank in March 2023 created a “very high” risk of contagion in the U.S. banking system, according to Treasury Department officials. However, given the need for new capital to support the banking sector, we expect that private equity will ultimately participate in a meaningful way.

Banking 40
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Sullivan & Cromwell Discusses the Implications for Financial Institutions of Proposed SEC Climate Disclosure Rules

Reynolds Holding

Of most importance for financial institutions, the identified categories also include downstream activities such as “investments” (Category 15 of the GHG Protocol’s Scope 3 emissions categories), which would capture financed emissions ( i.e. , emissions from companies to which the financial institution provides debt or equity financing).

Finance 45
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Data Update 6 for 2025: From Macro to Micro - The Hurdle Rate Question!

Musings on Markets

The Hurdle Rate - Intuition and Uses You don't need to complete a corporate finance or valuation class to encounter hurdle rates in practice, usually taking the form of costs of equity and capital, but taking a finance class both deepens the acquaintance and ruins it.