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13- Releasing cash and reducing cost without losing strategic agility

Article selection: Hamid Atharinejad

Summary : This publication brings together PwC's point of view on the challenges facing banks and capital markets today. This edition of The Journal discusses how executives can act decisively and maintain strategic agility when their main focus is on cash flow management and cost reduction.

In good times, financial institutions talk about their employees as assets. In bad times, they are seen as a cost. Lately, newspapers around the world have been filled with stories of financial institutions cutting costs and/or jobs, counterbalanced by governments encouraging executives to think twice before laying off staff. Very few countries have been spared.

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