Category: Cornelius Hurley

Wells Fargo CEO To Forfeit Tens Of Millions In Stock Awards Amid Scandal

NPR Morning Edition Cornelius Hurley, School of Law, Center for Finance, Law & Policy Wells Fargo says its CEO John Stumpf will forfeit outstanding stock awards worth about $41 million in response to the scandal involving unauthorized customer accounts. Stumpf will also forego his salary while the company conducts an investigation… Listen to audio of […]

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 […]

Finance, Housing Intersect In New Green Plan

Banker & Tradesman (subscription required) Cornelius Hurley, Center for Finance, Law & Policy, School of Law Peter Fox-Penner, Questrom School of Business A joint initiative between Boston University’s Center for Finance, Law & Policy and its Institute for Sustainable Energy aims to put climate change high up on the next president’s agenda – and it’s […]

Ignore the Party Platforms: Pols Don’t Really Want to Break Up JPMorgan

TheStreet.com Cornelius Hurley, Center for Finance, Law & Policy, School of Law The Democratic convention debuted Monday and — like its Republican counterpart — the party included a provision in its platform recommending that lawmakers reinstate the 1933 Depression-era Glass-Steagall Act, which would break up the largest banks… Expert quote: “You have this shiny object over […]

As Goldman Reports Profits, Focus on Clinton’s Paid Speeches Re-Emerges

TheStreet.com Cornelius Hurley, Center for Finance, Law & Policy, School of Law Goldman Sachs posted quarterly profit topped analyst estimates Tuesday, putting a spotlight once again on the institution at the center of a battle between Democratic presidential candidate Hillary Clinton and her rival, Bernie Sanders, over speeches she gave to the giant investment bank and its […]

Bernie Sanders Outlines Plan to Pare Down Big Banks

Wall Street Journal (subscription required) Cornelius Hurley, School of Law, Center for Finance, Law & Policy Bernie Sanders’s awkward explanation of how he would break up the nation’s biggest banks reverberated on the campaign trail Wednesday, with his Democratic presidential opponent Hillary Clinton chiding him for a hazy plan… Expert quote: “The tools are there. […]