Category: Mark Williams

More Pain, Slow Gain as Europe’s New Bank CEOs Expect Grim Years

Bloomberg Mark Williams, Questrom School of Business Europe’s biggest investment banks are telling investors that it will take years for their overhauls to bear fruit… Expert quote: “Increasingly, the major banks are caught in a two-speed world, the growing U.S. economy versus the sputtering European economy. As the European banks stumble and shrink, the U.S. […]

Wild swings in ETFs on Black Monday added to market turmoil

Boston Globe (subscription required) Mark Williams, Questrom School of Business The wild swings in prices for exchange-traded funds during the stock market’s Black Monday two weeks ago were even wider than has been generally reported, with more than 100 funds briefly losing more than 30 percent of their value, according to a firm that tracks […]

T pension board’s new members call for tough review of fund

Boston Globe (subscription required) Mark Williams, Questrom School of Business Two of Governor Charlie Baker’s new appointees to the MBTA retirement board said they would recommend a thorough review of an analyst’s allegations that the $1.6 billion fund might be overstating its financial health… View full article referencing expert Mark Williams

T’s retirement fund may be overstating assets, review finds

Boston Globe (subscription required) Mark Williams, Questrom School of Business A six-month examination of the MBTA pension fund, led by the whistle-blower who identified the Bernard Madoff fraud, found accounting and investment reporting practices that he says may overstate the financial health of the transit worker retirement plan by as much as $470 million… View […]

Shareholders oppose Vertex’s big pay deals

Boston Globe (subscription required) Mark Williams, Questrom School of Business Shareholders at Vertex Pharmaceuticals Inc. have spoken, and their message is clear: The Boston biotech company went too far when it lavished huge pay packages on its top executives… Expert quote: “It’s very unusual, especially because the stock has been up and they’re a top […]