When I was first hired on as an analyst at a top 20 bank I was buried in nondisclosure agreements, inter-company ethic codes and complicated rules regarding my personal investments. In addition I was drowning in banking terms like leveraged leases, basis points, normalized yields, and derivative swaps.
I felt overwhelmed and exhausted with all this new information and all of these rules and regulations. I couldn’t help but wonder how a seemingly simple idea like banking (a business that holds people’s money and uses it to create loans for other people) could be so…complicated.
As any good employee does, I decided to do some research on my own time. Where did I turn for knowledge on the in’s and out’s of the banking industry? Why Hollywood of course!