Items tagged with banking:
News & Updates:
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Under the Trump administration, bank mergers are getting approved at a faster rate; The Trump administration faces a pivotal decision that would determine if states can receive exemption from the Medicaid expansion mandate; Trump to sign a compromise for the federal budget funding; Consumer prices remain unchanged in the month of January; The federal deficit falls to $14billion. -
In a discussion on the board practices of the Federal Reserve, Wharton Professor Peter Conti-Brown provides a historical account of the rotational voting system implemented by the Federal bank. -
The Trump organization will begin returning asylum seekers to Mexico today as a part of a new policy instated last month; CEOs from big banks prepare for hearings from new Financial Services Chairwoman Maxine Waters; White House announces that it intends to end government control over Fannie Mae and Freddie Mac without prior congressional approval; New metrics show that home sales are slowing. -
Legal and Business Ethics professor Peter Conti-Brown is featured in this Knowledge@Wharton podcast regarding the financial risks of the banking industry in the new year. Conti-Brown suggests that “We’re seeing a set of spectacular risk-taking around legal liability that is, and continues to be, very troubling.” Furthermore, he argues that strong financial oversight is needed to prevent another economic collapse.
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Wharton Professor and Fed Historian, Peter Conti-Brown comments on the recent implementation of various initiatives by the Federal Reserve in a time of increased criticism from the Trump Organization. Conti-Brown notes how the moves mark an effort to establish legitimacy and accountability: two integral elements necessary for a well functioning federal bank.
