Don't let perfect be the enemy of very good in bank profitability.
Jeff For Banks
JUNE 26, 2011
'When I began my journey as a bank consultant, my firm''s top-notch cost accountant repeated this post title to me often. He was teaching me the mechanics of cost allocations from support centers to profit centers in FIs, and further down to products. The key, he told me, was to develop a rational allocation method that is understandable to those being measured and apply it consistently.
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