Using Office 365 for your financial models? There’s a bug you need to address NOW

PRIVATE BANKING

Deutsche Private Bank Cuts External Consultants Spending

The German bank is cutting its spending on external consultants by 70%(!).

The private bank’s head, Claudio de Sanctis, says: “We need to bring our expert knowledge . . . to fix our recurring problems ourselves”.

Adding that the lower budget for spending on consultants will be here to stay.

If you’re a consultant for banks, then I hope you have a backup plan.

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ACCOUNTING

KPMG Cuts 200 Jobs in UK

Despite a shortage of accountants, KPMG UK is cutting an additional 200 jobs amid a slowdown in business.

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FINANCIAL MODELLING

Using Office 365 for your financial models? There’s a bug you need to address NOW

Robert Sterling posted on X (aka Twitter) recently that there’s a bug in Microsoft Office 365 that could mess up your financial models, he writes:

“Finance bros: You need to update your Office 365 today. There’s an Excel bug in the previous build that could ruin your financial models.

The problem occurs when adding new rows. If you hit CTRL+SHIFT+Enter several times in a row, Excel stalls out and only adds one or two of them. It also breaks your formulas in the process.”

[See the suggested fix here]

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