Congress Still Waiting To Excoriate Wells Fargo’s Stumpf Even After Clawbacks

The Street Cornelius Hurley, School of Law, Center for Finance, Law & Policy A move by Wells Fargo‘s board to cancel a total of $60 million in stock awards to CEO John Stumpf and retiring consumer banking chief Carrie Tolstedt isn’t expected to appease lawmakers awaiting a chance to excoriate the mega-bank’s chief executive at […]

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

Clinton, Sanders, Wall Street: 6 Things You Need to Know Now Cornelius Hurley, School of Law, Center for Finance, Law & Policy Wall Street has become a whipping post in the 2016 election, with candidates from both parties taking opportunities to talk tough about how they would regulate the sector of the economy that much of the electorate blames for the financial crisis and Great […]

Bitcoin Scandals Increase Skepticism About Currency’s Trustworthiness Mark Williams, School of Management Even as mainstream awareness about bitcoin and its possibilities has grown over the past year, the digital currency’s volatility has become a cause of worry for investors… Expert quote: “Bitcoin is built with clay feet. It isn’t built with a focus on trust.” View full article

Snark-Nado: What Happened With JP Morgan’s Epic Twitter Fail Susan Fournier, School of Management JPMorgan Chase (JPM) was an underwriter on Twitter’s(TWTR) recent, bang-up initial public offering… Expert quote: “The reality of social media intended to support brand building is that consumers get to decide what they share and what they say. We all know the tradeoff: In using social media to garner social resonance and […]

JPMorgan Settlement Looms Over Weak Bank Earnings Mark Williams, School of Management JPMorgan’s (JPM) prospective $13 billion settlement with the Department of Justice over the bank’s origination of mortgages prior to the collapse of the housing market clouds a banking sector that is struggling to grow in a weak economic recovery… Expert quote: “This is going to have a rippling effect through […]