Category: Bloomberg

China Communist Party Raises Xi’s Status Ahead of Reshuffle

Bloomberg Joseph Fewsmith, Pardee School China’s Communist Party declared President Xi Jinping as its “core,” a designation that strengthens his hand ahead of a twice-a-decade power reshuffle next year… Expert quote: “Xi will have a smooth path to the 19th Party Congress and will be able to promote the people he wants to promote. Now we […]

Party Time in China: The Riddle of Xi

Bloomberg Joseph Fewsmith, Pardee School, College of Arts & Sciences As China moves towards the twice-a-decade National Congress of the Communist Party next fall, cadres are already trying to figure out what will happen at the gathering, the 19th of these… Expert quote: “They just don’t seem to be people favoured by Xi.” View full […]

Wall Street Shrinks Further in Asia With Goldman, BofA Cuts

Bloomberg Mark Williams, Questrom School of Business Even a record acquisition spree by Chinese companies isn’t enough to ease pressure on investment banks to cut costs in Asia, with Goldman Sachs Group Inc. and Bank of America Corp. becoming the latest firms to prepare job reductions… Expert quote: “Goldman Sachs is the standard bearer in […]

Thought Volcker Rule Went Too Far? There’s More Coming for Banks

Bloomberg Mark Williams, Questrom School of Business After years of grappling with the Dodd-Frank Act, banks will soon learn what regulators want to do next to rein in Wall Street’s risky investments… Expert quote: “Dodd-Frank gives them the right based on further study to create policy to better protect our financial markets,”   View full […]

The $45 Billion Market Where Businesses May Welcome Regulation

Bloomberg News Marc Rysman, College of Arts & Sciences A $45 billion market is facing its biggest regulatory threat yet — a measure that could dramatically cut the phone bills of businesses across the country… Expert quote: Marc Rysman, an FCC-hired economist from Boston University, estimates that total sales for broader enterprise-level services could even top $75 […]

Banks Back on Trial for Rate Rigging

Bloomberg News Cornelius Hurley, School of Law/Center for Finance, Law & Policy Cornelius Hurley, a professor at the Boston University School of Law, and Robert Hockett, a professor at Cornell University Law School, discuss the 16 banks who are being sued for allegedly manipulating a key Australian interest rate benchmark in an attempt to generate hundreds […]

Key U.S. Africa Ally Faces Further Unrest After Scores Killed

Bloomberg Michael Woldemariam, College of Arts & Sciences, Pardee School of Global Studies Ethiopia, a key U.S. ally in the fight against Islamist militants in East Africa, faces the prospect of further unrest after a crackdown on anti-government demonstrations held by its two largest communities over the weekend that Amnesty International said left 97 people […]