Showing posts with label banks. Show all posts
Showing posts with label banks. Show all posts
Saturday, September 3, 2022

Further unraveling of law firm offers to (first year) law students, and offers to new (first week) bankers from private equity

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Eric Budish writes with a pointer to a Business Insider story on the current unraveling of the market for new lawyers and big law firms. Ins...
Saturday, October 30, 2021

Economic warfare: how to staff it?

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  The Financial Times has a story about how the UK Ministry of Defense runs an economic warfare unit, which needs to be staffed differently ...
Tuesday, August 24, 2021

Unraveling for consulting: recruiting for next summer has begun.

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 Here's a (gated) story from Business Insider, saying that big consulting firms have already started recruiting college juniors for Summ...
Friday, November 2, 2018

Private equity job offers to young investment bankers unravel earlier this year, while investment banks try to stem their own unraveling

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Two stories from the WSJ about unraveling, at different parts of the financial industry. 1. The WSJ has publishes this year's unravel...
Sunday, January 28, 2018

How banks support payday lenders and check cashing services by dissing their low income customers

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Here's a story from the WSJ that I found disturbing (and which helps explain why many people choose to be "unbanked" and to p...
Thursday, September 21, 2017

The private equity junior labor market continues to unravel

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Eric Budish points me to the annual story, which seems to be published earlier each year, about the race for young talent in private equity...
Friday, July 21, 2017

Usury and theology

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At Aeon, Alex Mayyasi writes about the work of banker turned theologian David Miller: Of money and morals Moneylending has been taboo fo...
Sunday, July 13, 2014

Unraveling of private equity recruiting

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Can competition by speed play a big role in a market in which there's also a lot of competition by price? You bet it can. The NY Times ...
Sunday, November 28, 2010

Microfinancial crisis

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The NY Times reports India Microcredit Faces Collapse From Defaults "India’s rapidly growing private microcredit industry faces immin...
1 comment:
Monday, May 17, 2010

Informal money transfer networks: "hawala"

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The informal money transfer system known as Hawala (or hundi) is in the news with the arrest of three Pakistani men in New England who are ...
9 comments:
Tuesday, March 10, 2009

Financial market design: the view from the Fed

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Fed chairman Ben Bernanke, in a speech today (March 10) to the Council on Foreign Relations, after speaking of immediate steps to bail out f...
Wednesday, March 4, 2009

Student loans

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"If Congress approves the plan, there will be no need to set subsidies because there will be no banks to subsidize. " No no, not t...
2 comments:
Saturday, February 14, 2009

TARP II

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Lucian Bebchuk , the eminent law-and-economics lawyer/economist best known for his work on corporate governance , has just distributed a pap...
Friday, January 23, 2009

TARP auction: Bank of England version

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My hotel in Maastricht is housed in an old (renovated) church, and it now has excellent internet connections, so I can blog a bit more than ...
1 comment:
Saturday, January 3, 2009

The credit crisis and market design

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The WSJ, in its Real Time Economics Blog and in a related story in their January 2 issue, raises some questions about how discussion of fin...
2 comments:
Wednesday, November 12, 2008

Treasury abandons plans for reverse auction to purchase troubled assets

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The Treasury announced today what had already become clear, which is that it has abandoned the initial plan to purchase troubled assets, in ...
Saturday, November 8, 2008

Market for check cashing and payday loans

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The NY Times has a nuanced article about the business and recent sale of a big check cashing chain: Check Cashers, Redeemed "Selling to...
7 comments:
Saturday, November 1, 2008

The Federal Reserve’s Term Auction Facility

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As the credit crisis unfolded, the Fed prepared to auction funds to banks. Among other design features (such as how expressive a bidding lan...

Credit Default Swaps: reducing counterparty risk

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New York Fed Welcomes Further Industry Commitments on Over-the-Counter Derivatives "The following areas constitute our central prioriti...

Bank secrecy:

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U.S. and Swiss law differ regarding U.S. citizens who keep accounts in Swiss banks that do business in the U.S., and an interesting game is ...