Tagged: banking

SEC widens BofA/Merrill probe

The Securities and Exchange Commission is widening its probe of the Bank of American take-over Merrill Lynch to go beyond failing to disclose bonuses paid to Merrill employees to now include failure to disclose ML’s mounting losses.  Law Professor Elizabeth Nowicki, a former SEC and Wall Street attorney, says it’s about time. The SEC’s expanding probe of Bank […]

France and U.K. curb bankers’ pay

England has been joined by France in slapping a supertax on bank bonuses in an effort to push other countries, including the U.S., do so likewise.  Law Professor Cornelius Hurley, director of the Morin Center for Banking and Financial Law and former counsel to the Fed Board of Governors, says it’s disgaceful the United States didn’t […]

Wall Street whining about pay

With Washington’s “pay czar” setting limits for executives of bailed out Wall Street firms, five high-ranking execs at AIG reportedly are ready to quit if their compensation is cut significantly.  Law Professor Tamar Frankel, an authority on securities law and legal ethics, says maybe its time to both change the guard and change the mores […]

GMAC needs more bailout

Troubled consumer finance company GMAC reportedly needs more taxpayer bailout money, on top of the $12.5 billion it’s already received.  Robert Bench, an ex-deputy Comptroller of the Currency and now senior fellow at the Law school’s Morin Center for Banking and Financial Law, says it’s understandable because GMAC concentrated most of its risk on a selected consumer […]

Banks: Regulation plan just proposals

The banking industry is taking a wait-and-see attitude about reports about the Obama administration’s proposals to overhaul the regulation of financial services.  The plans will be formally announced Wednesday.  Robert Bench, a former deputy Comptroller of the Currency now a senior fellow at the School of Law’s Morin Center for Banking and Financial Law, can […]

U.S. and Switzerland talk tax treaty

Law Professor Daniel Berman, director of the graduate tax program and an expert in international taxation law, was part of the Treasury Department negotiating team the last time the U.S. and Switzerland crafted a tax treaty in the mid-1990s.  With the two countries now in talks for an updated treaty amid pressure to crack down […]

G-20 and international regulatory reform

Law Professor Cornelius Hurley, director of the Morin Center for Banking and Financial Law and former counsel to the Fed Board of Governors, says the G-20 communique outlining new international financial regulatory reforms marks a new era. “The specificity of the G-20 pact signals a new era of cross-border cooperation on an array of regulatory […]

Financial crisis

The following Boston University professors are available to comment on the various aspects of the financial crisis: School of Management Professor Mark Williams, an expert on risk management and former Federal Reserve Bank examiner who teaches in the school’s Finance Department.  School of Management Professor James Post, an expert on corporate governance and business ethics. […]