Capitalism? Both Automation and Failure Elude Major Banks
"I don't know where I'm going from here, but I promise it won't be boring." - David Bowie For someone who has spent a career scanning the landscape for cataysts - as if in perpetual "sentry mode" - it's damn near impossible to consume the latest news and not become introspective. Perhaps that is merely the occupational disposition of someone who regularly commits thoughts to pixels. It's difficult to conjure up this week's musings on the state of play without a corresponding level of seriousness and mood to risk opening Pandora's Box with a brief flurry of thoughts that are worth writing - and reading. Anyway, here we go: With the scent - and evidence - of economic upheaval in the air, I thought it would be a good time to revisit one of our older themes, the Investment Bank Headcount Index. The last time we touched on this topic was a year ago in, "How Many Heads Does It Take To Run A Bank?" It's never been a wildly [...]