Category: Bloomberg

Goldman, UBS Start Year With a Bang After Santander Fee Windfall

January 9th, 2015 in 2015, Bloomberg, Mark Williams, Newsmakers, School of Management 0 comments

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Mark Williams, School of Management

If the New Year’s resolution of Goldman Sachs Group Inc. (GS) and UBS Group AG (UBSG) was to secure the lead in 2015’s ranking of stock-sale underwriters, they may have pulled it off in record time…

Expert quote:

“Goldman Sachs and UBS both scored a major coup.”

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Xi Dismantles the ‘New Gang of Four’ With Probe of Hu’s Aide

December 24th, 2014 in 2014, Bloomberg, College and Graduate School of Arts and Sciences, Joseph Fewsmith, Newsmakers 0 comments

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Joseph Fewsmith, College of Arts & Sciences

Chinese President Xi Jinping’s decision to investigate his predecessor’s top aide for corruption marks the downfall of the remaining “tiger” in a group that Communist Party cadres termed the “New Gang of Four.”…

Expert quote:

“Ling Jihua’s investigation suggests that it is likely we will see changes in the anticipated leadership lineup at the next party congress in 2017. Xi is indeed emerging as the strongest leader in China since at least Deng Xiaoping.”

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Wars’ Cost to U.S. Since Sept. 11: $1.6 Trillion

December 19th, 2014 in 2014, Bloomberg, College and Graduate School of Arts and Sciences, Neta Crawford, Newsmakers 0 comments

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Neta Crawford, College of Arts & Sciences

The wars in Iraq and Afghanistan and counterterrorism operations have cost the U.S. a combined $1.6 trillion since the Sept. 11 terrorist attacks, according to a new Congressional Research Service analysis…

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China Probe of Former Security Chief May Mean Closed-Door Trial

December 7th, 2014 in 2014, Bloomberg, College and Graduate School of Arts and Sciences, Joseph Fewsmith, Newsmakers 0 comments

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Joseph Fewsmith, College of Arts & Sciences

With former China security chief Zhou Yongkang under investigation for leaking state secrets, formal charges would allow for a closed-door trial that would test the Communist Party’s resolve to make its legal machinery more transparent…

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Xi Outlines ‘Big Country Diplomacy’ Chinese Foreign Policy

December 1st, 2014 in 2014, Bloomberg, College and Graduate School of Arts and Sciences, Joseph Fewsmith, Newsmakers 0 comments

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Joseph Fewsmith, College of Arts & Sciences

China must establish “big country diplomacy with Chinese characteristics,” President Xi Jinping said in a speech that laid out his goals for making the nation a major strategic power, a further sign he’s jettisoned a long-standing policy to limit involvement in foreign affairs

Expert quote:

“Although the speech certainly suggests a self-confident China that will be active in its diplomacy, it also suggests that Xi might want to smooth some of the rough edges off China’s recent diplomacy. He talks about creating a periphery that shares a common fate.”

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Xi Shows Obama His No-Nonsense Approach to U.S. Relations

November 12th, 2014 in 2014, Bloomberg, College and Graduate School of Arts and Sciences, Joseph Fewsmith, Newsmakers 0 comments

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Joseph Fewsmith, College of Arts & Sciences

President Xi Jinping showed the world a newly assertive China that’s less worried about impressing others than in pursuing its own goals as he approved agreements with the U.S. on climate change and trade tariffs…

Expert quote:

“In the past, we always said China wanted good relations with the outside world to support its economic agenda. That logic has changed.”

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Bank of America’s Surprise Profit Is Wiped Out Amid Currency Probes

November 7th, 2014 in 2014, Bloomberg, Mark Williams, Newsmakers, School of Management 0 comments

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Mark Williams, School of Management

Bank of America Corp. cut third-quarter earnings by $400 million, wiping out the surprise profit it reported last month, as the firm braced for the end of probes into foreign-exchange dealings…

Expert quote:

“The attributes that make a strong currency trader is someone who’s aggressive and takes advantage of opportunities. If controls are weak or not enforced properly, they’ll take advantage of weaknesses in the system.”

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Fed Said to Seek More Time to Mull Actions on FX Traders

November 6th, 2014 in 2014, Bloomberg, Centers & Institutes in the News, Cornelius Hurley, Newsmakers, School of Law 0 comments

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Cornelius Hurley, School of Law, Center for Finance, Law & Policy

The Federal Reserve asked some currency traders under investigation for foreign-exchange manipulation to waive the deadline for civil actions against them, according to two people with knowledge of the situation…

Expert quote:

“It’s by going after the individuals that you get cultural changes. The drawback is the regulators are often dealing with people at the very lowest level.”

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Lack of Mobile Ebola Test Harms Effort in West Africa

October 31st, 2014 in 2014, Bloomberg, Ebola, John Connor, NEIDL, Newsmakers, School of Medicine 0 comments

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John Connor, School of Medicine, NEIDL

The largest Ebola diagnostic lab in Liberia, housed in a shabby brick building 65 miles (105 kilometers) east of the capital Monrovia, can test about 80 to 90 blood samples a day…

Expert quote:

“It seems like everybody’s got an Ebola test these days. It may be something where there is the nice sort of silver lining to this particular outbreak.”

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Deutsche Bank Replaces Executives as Legal Expenses Soar

October 29th, 2014 in 2014, Bloomberg, Mark Williams, Newsmakers, School of Management 0 comments

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Mark Williams, School of Management

Deutsche Bank AG (DBK),Germany’s biggest lender, is replacing its finance and legal chiefs as mounting litigation expenses wiped out quarterly profit and the firm begins talks to settle probes into alleged market rigging…

Expert quote:

“The number and level of executives being replaced point to a house-clean. This type of regime change creates instability and you would only do it if you think it will restore stability.”

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