Category: Mark Williams

How Mt. Gox Debacle Won Over a Bitcoin Convert

December 1st, 2014 in 2014, Mark Williams, Newsmakers, School of Management, Wall Street Journal 0 comments

MarkWilliams1Wall Street Journal (subscription required)
Mark Williams, School of Management

One event that inspired venture capitalist Tim Draper to amass a huge stash of bitcoin was the same one that turned other investors away…

Expert quote:

“The probability of success is low, but if it does hit, the reward will be very large.”

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Bankers can soon cash-in on deferred recession era bonuses

December 1st, 2014 in 2014, Mark Williams, Newsmakers, School of Management 0 comments

MarkWilliams1New York Post
Mark Williams, School of Management

When it comes to bonuses, the waiting on Wall Street is about to pay off…

Expert quote:

“You’re going to see a deluge of bankers cashing out their restricted stock grants in the weeks ahead. These grants are deeply in the money.”

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How pensions make investing too complex

November 8th, 2014 in 2014, Fortune, Mark Williams, Newsmakers, School of Management 0 comments

MarkWilliams1Fortune
Mark Williams, School of Management

Pricey consultants have convinced many pension funds to pile into private equity, real estate and hedge funds, which don’t necessarily promise higher returns or long-term investing…

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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

MarkWilliams1Bloomberg
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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The liberating idea behind Prague’s bitcoin-only café

November 5th, 2014 in 2014, Mark Williams, Newsmakers, School of Management, Washington Post 0 comments

MarkWilliams1Washington Post
Mark Williams, School of Management

Step inside the newest coffeehouse on Dělnická street in Prague and it doesn’t take long to notice that something’s amiss. There’s no cash register, nor a counter where customers would typically form a line…

Expert quote:

“The fact that there’s a hard cap on how many bitcoins can be created means that it’s, by design, deflationary. The problem with that is that the instruments used to counter the broader effects that stem from the ebb and flow of the economy, such as lowering interests rates or printing money, just aren’t there.”

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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

MarkWilliams1Bloomberg
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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Fed to Stress-Test Banks for Dire Stock, Housing Scenarios

October 23rd, 2014 in 2014, Bloomberg, Mark Williams, Newsmakers, School of Management 0 comments

MarkWilliams1Bloomberg
Mark Williams, School of Management

The Federal Reserve said it will scrutinize how 31 large U.S. banks, including JPMorgan Chase & Co. and Citigroup Inc., would respond to a plunge in equity and housing prices and a sharp downturn in the global economy…

Expert quote:

“The Fed is creating this theoretical test but then there is the reality of the market, and that’s what determines whether a bank fails. The events of the last two weeks appear to have influenced the Fed’s stress test for 2015. Those events, which were highly unusual, now become incorporated as a stress test baseline.”

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Fed Watchdog Criticizes Scrutiny of JPMorgan London Whale

October 21st, 2014 in 2014, Bloomberg, Mark Williams, Newsmakers, School of Management 0 comments

MarkWilliams1Bloomberg
Mark Williams, School of Management

The Federal Reserve Bank of New York botched oversight of the JPMorgan Chase & Co. office that suffered $6.2 billion in trading losses attributed to the so-called London Whale, a watchdog report showed…

Expert quote:

“The report is disturbing in that it reveals that the Fed, the nation’s most powerful regulator, failed to follow up on identified risks that later cost JPMorgan and its shareholders over $6 billion. Risk identification without follow up is the equivalent of a fireman seeing a fire but not acting on it.”

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Did Bank Rules Kill Liquidity? Volcker, Frank Respond

October 20th, 2014 in 2014, Bloomberg, Mark Williams, Newsmakers, School of Management 0 comments

MarkWilliams1Bloomberg
Mark Williams, School of Management

Last week’s market gyrations sparked questions about whether bank regulations implemented after the 2008 financial crisis exacerbated price declines by limiting the ability of Wall Street banks to make markets…

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Boomtown under Malloy, Stamford now at crossroads

October 19th, 2014 in 2014, Mark Williams, Newsmakers, School of Management 0 comments

MarkWilliams1Connecticut Post
Mark Williams, School of Management

The trading terminals have been shipped to New York City. There are no more power lunches at Morton’s steak house…

Expert quote:

“It’s almost like a modern version of what mill towns looked like when the industry started changing. I would say that the sun started to set on financial services in Stamford in 2007. The sun is setting pretty low in the sky now. It’s no longer a growth industry. It’s a contraction industry.”

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