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A Growing Problem: Commercial Pressure in Banking A single word can sometimes feel like a closing argument, pointing straight at an issue that Hungary, too, has been quietly struggling with behind closed doors: commercial pressure in banking . For months, I’ve argued that these aren’t isolated episodes or “bad apples." They’re the result of a structural problem, a model problem. And it’s not because “Bank X” is worse than “Bank Y.” The issue isn’t the logo. The issue is an operating model...

Getting broke by investing is easier than staying liquid; it takes enthusiasm untampered by patience or math. The paradox of modern finance: trying to get rich and managing to transform money into less money. There are several time-tested ways to lose your shirt while “investing.” Let’s run through a few of the classics. 1.    Confuse luck with skill.  Make a bit of profit once, decide you’re Warren Buffett’s long-lost cousin, and start doubling down. Markets adore humbling overconfidence....

Moving to a new country like Hungary’s vibrant capital, Budapest, brings exciting opportunities and unique challenges. One of the most critical areas to master is managing your finances effectively. Understanding local banking, taxes, investments, and insurance can make your expat life smoother and more secure. This guide will walk you through essential expat financial strategies tailored for those living in Budapest. Understanding Expat Financial Strategies in Budapest When you relocate to...