Free Market Should Apply To Banks Of All Sizes

Category: Cornelius Hurley

Free Market Should Apply To Banks Of All Sizes

Banker & Tradesman (subscription required) Cornelius Hurley, School of Law, Center for Finance, Law & Policy Add to capital reserves or slim your operation down, And this time, we mean it, courtesy of your own shareholders… Expert quote: “Over a short period that amount of retained earnings becomes larger, to the point where shareholders demand […]

The Little Bill that Could Take Down TBTF

American Banker By Cornelius Hurley, School of Law, Center for Finance, Law & Policy A House bill clocking in at a mere 341 words could accomplish what the unwieldy Dodd-Frank Act has failed to do: use market discipline to rightsize “too big to fail” banks. The legislation takes direct aim at the “financial benefits” of […]

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 […]

Elizabeth Warren carries growing clout into her next big fights with Wall Street

Boston Globe (subscription required) Cornelius Hurley, School of Law, Center for Finance, Law & Policy Elizabeth Warren celebrated her takedown of President Obama’s nominee for a top Treasury spot last week by signaling a readiness for her next battle: blocking those who meddle with the post-2008 financial reform known as the Dodd-Frank Act… Expert quote: […]

In New Congress, Wall St. Pushes to Undermine Dodd-Frank Reform

New York Times (subscription required) Cornelius Hurley, School of Law, Center for Finance, Law & Policy In the span of a month, the nation’s biggest banks and investment firms have twice won passage of measures to weaken regulations intended to help lessen the risk of another financial crisis, setting their sights on narrow, arcane provisions and […]