Banks Subcontract Analysis I.D.E.A.'s Modi Tells Why

"Subcontracting" is a buzzword in the banking industry these days because it is seen as a route for cutting costs. Banks are increasingly relying on outside help, whether it be with accountancy, drafting of contracts, property evaluation or insurance. Yet, one would think that bankers would draw short of subcontracting the chore of giving advice about money.

Nevertheless, foreign exchange departments are increasingly taking outside advice about future currency movements. On the surface, this is