Category: American Banker

House Bill Would Force Big Banks to Compete in Free Market

American Banker (subscription required) Cornelius Hurley, Center for Finance, Law & Policy, School of Law It’s been a bleak winter for financial reformers in the United States. Legislators have introduced, and in some cases passed, a number of bills that aim to gut various components of the Dodd-Frank Act… Expert quote: “Market perception of a […]

Threat of Delay to CIT-OneWest Deal Underscores Risk of Big M&A

American Banker (subscription required) Cornelius Hurley, Center for Finance, Law & Policy, School of Law When weighing the controversy over the CIT Group-OneWest Bank merger, set aside details like their performance and promises for the future, and just consider the players behind the $3.4 billion deal… Expert quote: “It takes a great deal of chutzpah […]

Weekly Wrap: Do Regulators Want to End TBTF or Coddle It?

American Banker (subscription required) Cornelius Hurley, Center for Finance, Law & Policy, School of Law Too Big to Kill? Cornelius Hurley, director of Boston University’s Center for Finance, Law & Policy, sounds the call for ending too big to fail… Expert quote: “The regulators’ posture is one of peaceful coexistence with TBTF, where the very thing that […]

Swaps Rule Repeal Shows that Community Banks Are the 99%

American Banker (subscription required) Cornelius Hurley, School of Law, Center for Finance, Law & Policy “We are the 99%,” goes the familiar slogan of the Occupy Wall Street movement. Community bankers may be surprised to find that they, too, are the 99% in a game that is rigged in favor of large banks… View full […]

Big Banks’ Swaps Push-Out Repeal Is a Pyrrhic Victory

American Banker (subscription required) By Cornelius Hurley, Center for Finance, Law & Policy, School of Law In his impactful book Don’t Think of an Elephant, cognitive scientist George Lakoff illustrates how framing a discussion from the beginning is key to winning the argument… View full article by expert Cornelius Hurley

The Long Shadow of Robert Rubin

American Banker (subscription required) Cornelius Hurley, School of Law, Center for Finance, Law & Policy Antonio Weiss was just another obscure investment banker up until last month, when his nomination to the Treasury Department stoked a populist fury that speaks to Democrats’ past as much as their future… Expert quote: “It’s not so much Weiss […]

Should Bankers Fear Obama’s Pick for Attorney General?

American Banker (subscription required) Cornelius Hurley, School of Law, Center for Finance, Law & Policy Federal prosecutor Loretta Lynch may soon replace Attorney General Eric Holder, but it appears that the country’s banks can breathe easy over the pending shake-up… Expert quote: “They’ve decided to go after shareholders with massive multibillion fines rather than the […]

OCC’s Fine Print Contains Tough Requirements for Directors

American Banker (subscription required) Eric Fischer, School of Law, Center for Finance, Law & Policy Bank boards that thought they skirted having to “ensure” management was in compliance with heightened regulatory standards should think again… Expert quote: “The word I would object to is ‘effective’. Whether the corrective actions were the ‘effective’ changes or not […]