In the News
The Center on Global Energy Policy hosted a presentation and discussion on China's role in global energy finance with Kevin Gallagher, Boston University's Pardee School of Global Studies and Co-director, Global Economic Governance Initiative and Bo Kong, ConocoPhillips Petroleum Professor of Chinese and Asian Studies and Assistant Professor of International and Area Studies, University of Oklahoma. They discussed... More
"When China signed up to build Venezuela’s Tinaco-Anaco Railway in 2009, the scheme was hailed as proof of the effectiveness of socialist brotherhood. Gleaming new Chinese trains were envisaged, whisking passengers and cargo along at 137mph on about 300 miles of track. Hugo Chávez, the late Venezuelan president, called the... More
A part of 'living wills', lenders create new structures to allow most important units to keep functioning, even if parent has to file for bankruptcy. Continue reading here.
Investor confidence in Wells Fargo & Co. was not terribly shaken after lawmakers roasted the bank’s chief executive on Tuesday, but significant risks to the bank and its top officers remain following the $185 million penalty it paid for generating more than 2 million phony accounts. Continue reading here.
Reports on Friday that the U.S. Department of Justice and Deutsche Bank have reached a settlement over the German bank’s mortgage-backed securities sales that is far lower than the $14 billion that the U.S. originally sought has critics claiming that big banks remain too big to jail. Continue reading here.
A move by the mega-bank's independent directors to cancel $60 million in stock awards to its CEO and retiring consumer banking chief isn't expected to appease lawmakers Thursday. A move by Wells Fargo's (WFC) board to cancel a total of $60 million in stock awards to CEO John Stumpf and retiring... More
Over 200 participants came together from across the MPL industry, including: online lenders, academics, legal experts, banks, consumer advocates, servicers and regulatory agencies, amongst others. We heard from Comptroller Thomas Curry, the CFPB, Department of the Treasury and members of Congress on both sides of the aisle, each focused on responsible innovation. The... More
Can Wells' Stumpf Survive Storm Over Phony Accounts? John Stumpf was coasting toward a carefully planned retirement. But the outcry over sham accounts at the San Francisco bank has put him in a precarious position as he testifies in front of Congress next week... Continue reading here.
Widener University Delaware Law School announced that David H. Webber, professor at Boston University School of Law will serve as the school’s 2016 annual visiting scholar in residence in corporate and business law. Click here to read more.
"Environmental Standards Do Not Scare Chinese Investors" Research Director Kevin Gallagher and Researcher Rebecca Ray were interviewed in the prominent Semana Económica regarding the extent to which Chinese mining companies have shown efficiency in meeting both labor and environmental standards in Peru. Continue reading here (in Spanish).