Category: Finance

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Warren Buffett to invest $5 billion in Bank of America

Shares of Bank of America immediately jumped 13 percent after the announcement that Berkshire Hathaway, owned by Warren Buffett, will invest $5 billion in BofA. Cornelius Hurley, director of BU’s Center for Finance, Policy & Law and Mark Williams, master lecturer in finance at BU’s School of Management, are available to offer commentary, analysis and […]

Bank of America to sell Canadian, European credit card business

Bank of America has announced it plans to sell its Canadian credit card business to TD Bank Group, as well as its European credit card business. Boston University master lecturer Mark Williams is an expert on risk management and teaches finance at the BU School of Management. A former Federal Reserve Bank examiner, he’s the […]

IMF names new chief

The International Monetary Fund (IMF) today named Christine Lagarde as its new chief.  Boston University School of Law Professor Cornelius Hurley, director of the BU Center for Finance, Law & Policy and former counsel to the Fed Board of Governors, offers the following comment: “With Lagarde taking over the helm of the IMF, the global […]

Bernanke to offer outlook on U.S. economy

Federal Reserve chairman Ben Bernanke is scheduled to comment later today on the U.S. economic outlook. Boston University School of Law professor Cornelius Hurley is the director of BU’s Center for Finance, Law & Policy (formerly the Morin Center for Banking and Financial Law) and former counsel to the Fed Board of Governors. He is […]

Markets in Medicare: will the good deal last?

Keith M. Marzilli Ericson is an assistant professor of Markets, Public Policy & Law at Boston University’s School of Management. He is also a fellow at the Institute for Quantitative Social Science at Harvard University. The following article is based on his paper “Market Design when Firms Interact with Inertial Consumers: Evidence from Medicare Part […]

Lagarde’s IMF bid

French Finance Minister Christine Lagarde announced her candidacy to lead the International Monetary Fund. Boston University professor William Grimes is chair of BU’s Department of International Relations. He is a member of the Council of Foreign Relations and author of “Currency and Contest in East Asia.” He offers the following comments on Lagarde’s bid: “Lagarde’s […]

IMF succession fight

Dominique Strauss-Kahn has resigned as the head of the International Monetary Fund as he faces sexual assault charges. Boston University School of Law professor Cornelius Hurley is the director of BU’s Center for Finance, Law & Policy (formerly the Morin Center for Banking and Financial Law) and former counsel to the Fed Board of Governors. […]

Bernanke, other regulators to brief Congress on financial revamp

Federal Reserve Chairman Ben Bernanke and other regulators will testify today before the Senate Banking Committee. In testimony prepared for the hearing, Bernanke says the Fed will propose new rules later this summer that will protect the economy from another meltdown of the financial system. Boston University law professor Cornelius Hurley is the director of […]

Mark Williams on Fox Business: Reaction to Bernanke news conference

Contact Mark Williams, 617-358-2789, williams@bu.edu