Category: Mark Williams

Job hit for St. Louis with TD Ameritrade buying Scottrade; arena will get new name

St. Louis Post-Dispatch Mark Williams, Questrom School of Business TD Ameritrade and Toronto-Dominion Bank have agreed to buy Scottrade in a $4 billion deal that combines two of the nation’s leading discount brokerages but will cost the St. Louis region hundreds of jobs… Expert quote: “The market is so competitive as-is, and execution and costs […]

White House rejects Warren call to remove leader of SEC

Boston Globe Mark Williams, Questrom School of Business The Obama administration on Friday said it stands behind the chairwoman of the Securities and Exchange Commission, hours after Senator Elizabeth Warren in a searing letter asked the president to remove Mary Jo White as the nation’s top securities regulator… Expert quote: [Pretending to speak as Elizabeth […]

Wall Street Shrinks Further in Asia With Goldman, BofA Cuts

Bloomberg Mark Williams, Questrom School of Business Even a record acquisition spree by Chinese companies isn’t enough to ease pressure on investment banks to cut costs in Asia, with Goldman Sachs Group Inc. and Bank of America Corp. becoming the latest firms to prepare job reductions… Expert quote: “Goldman Sachs is the standard bearer in […]

Deutsche Bank’s Cryan Weighs Drastic Steps as Revamp Sputters

Bloomberg Mark Williams, Questrom School of Business John Cryan is going back to the drawing board after Deutsche Bank AG lost more than half its market value since he unveiled his overhaul last year… Expert quote: “It has to act more aggressively to restore its capital levels and become financially sound again. Selling core assets and […]

Thought Volcker Rule Went Too Far? There’s More Coming for Banks

Bloomberg Mark Williams, Questrom School of Business After years of grappling with the Dodd-Frank Act, banks will soon learn what regulators want to do next to rein in Wall Street’s risky investments… Expert quote: “Dodd-Frank gives them the right based on further study to create policy to better protect our financial markets,”   View full […]