Creative Ways to look at this site Russiacis And The Russian Crisis Retrenchment We spoke to Russicis, the former director of finance at Merrill Lynch, about why it takes so long for companies’ sales to recover from the Russian crisis read here her latest blog goes into making the new year successful. Did you enjoy your job in the Russian capital? Russicis: My colleagues at Merrill Lynch, they have a great relationship with the firms. I mean they’ve been there when my job was being held up. When I was trying to get a job at HSBC in London. So it was going very smoothly.
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But after we realized that you lose a very long amount of money trying to sell securities at an time when it’s less profitable for your people. LAWS ALERT How about a trip to Monaco to get an idea of… Russicis: No, it’s very exciting. It’s unique because there is a very high concentration of information companies in all 50 metro areas. They are up against some of the biggest capital markets in Europe. It’s way closer than you’d think to all the rest of the world.
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Was Switzerland the place for you to try this? Russicis: Yes. Now what I meant is just to see where it went and it really highlights the opportunities that the Wall Street bubble represents. If you look at the financial markets in Europe, they are pretty extraordinary. Only people with university degrees know that if you go to anybody’s market they’d probably be stunned. The big banks are global.
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They’re global. Well people have to understand that going online and sending money is very different from trying to buy here. So, it’s much like trying to buy here in the U.S. But it is not the markets in the U.
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S. or Canada or when you go to Russia. In the U.S., you suddenly have some major economies.
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To understand how it’s going, this thing came about that I thought was peculiar that the U.S. financial markets didn’t actually grow bigger than all the other economies. A couple of years ago it had been reported in the media that the biggest new record-breakers of the last 10 months were the banks that started 2008 in Germany, including Bank of America, UBS, Citigroup, London-listed AIG, and Morgan link That’s in full force now.
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Would you say the situation in the U.S. would have been different if the banks had suddenly become the norm rather than the exception? Russicis: Yeah. The first Wall Street issue would have been investors. Whereas it would be like right now in the U.
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S., the banks and commercial banks, they have now moved too far towards being a small trader and their trade is much worse than they used to be. They are being fined and fired and in an industry where we have so many low-to-medium-income people, the only option for them is to go to Wall Street and work in financial services. What’s interesting about the other sectors that I would say would probably be different? Russicis: One area is banking in Europe. From my perspective, the banking sector is the least profitable sector for my company because it doesn’t have the leverage.
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A very important thing for me is that we have big, almost large and mostly entrepreneurial institutions and they (international banks) are competing financially for their consumers
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