Investment Banks – Technology does not cut small bank hours – California News Times

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A.D. There has been controversy over the advent of energy-intensive spreadsheet software, not the invention of junk bonds, which has improved in the 1980s. Investment banks can deal with complex business situations and receive answers in the amount of time it takes to double-click the mouse.

Today, Wall Street analysts believe that flashback software can be used to quell a bullfight. New employees want to be more respectful of their time needs. Automatically you can give them that in theory. However, for customer competition, junior warehouses expect little change in their 100-hour week.

For decades, these teenagers have been collecting PIBs (public information books) that provide guarantees and news articles related to senior banking professionals. With the software you can create PIBs almost instantly. With the proliferation of tablets, hard copying is unnecessary. Similarly, updating stock charts and scorecards in PowerPoint can be done immediately rather than manually cutting and pasting a 50-page book.

Successful projects are welcome. Tech has already done investment banking in many ways. All due diligence “data units” have been in place in law offices for years, then all online. Factzet, an analyst for brokerage providers, has grown its market value to $ 14 billion. Startups like InCloud Counsel build tools to automate the negotiation of transaction documents.

However, while these innovations are sophisticated, the average manager has little or no idea how they work. They may not even understand the basic workflow required to coordinate the client presentation. Small warehouses may be more automated than carrying a working life.

Investment banking remains a more attractive version of the game Glengar Renros, 3rd place finish prize. Top deal providers are focused on selling to as many customers as possible. This kind of incentive does not change the software that flashes.

Lex’s hand-picked briefing on the world of M and Eklik recommends the FT’s true diligence newspaper. over here Apply.