Category: Cornelius Hurley

Wellesley banker faces challenge to his Bank of America leadership

Boston Globe Cornelius Hurley, Center for Finance, Law & Policy, School of Law Brian T. Moynihan, the Boston banker and lawyer who became chief executive of Bank of America, is facing the first shareholder challenge of his five-year tenure as concerns mount over his leadership and the bank’s performance… Expert quote: “The stakes are exceptionally […]

DOJ Must Prove Commitment to Ending ‘Too Big to Jail’

American Banker “BankThink” By Cornelius Hurley, Center for Finance, Law & Policy, School of Law In 2012, then-presidential candidate and former Massachusetts governor Mitt Romney informed the public that corporations are people too. The U.S. Department of Justice has treated them as such, bringing criminal charges against the nation’s largest banks for a host of […]

It’s a contraction, not another Great Recession

Marketplace Cornelius Hurley, Center for Finance, Law & Policy, School of Law U.S. financial markets rallied through most of the Tuesday, then fell back in the final hour of trading to close with another day of solid losses… Expert quote: “This crisis is generated through China and Greece, and other foreign venues, so it seems […]

Promontory Suit Is a Reputational Catch-22

American Banker (subscription required) Cornelius Hurley, Center for Law, Finance, & Policy, School of Law Suing a regulator may be the only way for Promontory Financial Group to save its reputation for being able to work with regulators… Expert quote: “Consultants have as much credibility as the regulators give them. People hire these firms because they […]

Kids Raised During ’08 Crisis Could Have a Fear of Credit

American Banker (subscription required) Cornelius Hurley, Center for Finance, Law & Policy, School of Law It should come as no surprise that clients of Young Americans Bank, which focuses on kids and college-aged adults, are afraid of credit. But the worry is that such wariness will follow them into adulthood… Expert quote: “They might be […]