An MBA in finance may be the best degree to get for someone interested in investing, banking, real estate, or becoming a personal financial planner. The broad combination of receiving an MBA, with the added value of emphasizing in finance, can provide an added boost to someone interested in a career in the world of finance. Well, I’ll say this. I wish I had completed a PhD in economics when I was in my early 20’s, as, frankly, it would have probably been a far more productive use of my time than what I actually did during those years. Since I don’t have an economics PhD (and never will), I can’t be accused of rationalizing my own life choices.
TLAC is supposed to ensure banks have ample amounts of long-term and stable funding sources, especially vital when the biggest of banks now sport balance sheets flirting with $2 trillion levels. Bank CFO’s wince, because the requirement will increase the cost of funding, on average. Cheaper, but less-stable, less-reliable short-term debt must be replaced by more expensive, but more stable long-term debt.