Wall Street

Marketplace quotes Professor Michael Santoro in story on those held responsible for financial crisis

Friday, August 1, 2014

When federal authorities fined Bank of America and a former Countrywide Financial employee for making bad mortgages and selling them to investors, Marketplace took a look at who has been punished for contributing to the nation's financial crisis.

TAGS: Ethics Expertise Michael Santoro Wall Street

Andrew Huszar’s Wall Street Journal article on quantitative easing from a year ago referenced in The Guardian

Thursday, July 10, 2014
New York, NY

The Federal Reserve is set to end its economic stimulus program [quantitative easing] in October, bringing to an end the controversial five-year-old scheme even as officials said there were signs that the US economy was still in trouble.

Controversial from the outset, QE was designed to keep long-term interest rates down and encourage investors to back stocks or corporate debt in order to stimulate the economy. Stock markets have hit record highs under QE yet the unemployment rate remains high and there are continuing signs of weakness in the wider economy.

Last year, Andrew Huszar, a senior fellow at Rutgers Business School and a former manager of the Fed’s mortgage-backed security purchase programme, called for an end to QE in an article for the Wall Street Journal. He said it had helped Wall Street far more than Main Street. Critics in Congress and elsewhere have also worried that QE will create another financial bubble or excessive inflation.

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TAGS: Andrew Huszar Quantitative Finance Wall Street

Wall Street has had its fair share of good, bad and ugly leaders says John Longo, professor, Rutgers Business School

Thursday, February 20, 2014
Englewood Cliffs, NJ

Like any other sectors, Wall Street has had its fair share of good, bad and ugly leaders. But their influence reaches far beyond the Street, says John Longo, a professor at Rutgers Business School.

Jamie Dimon is currently the top Wall Streeter in the CNBC 25 voting. The often blunt CEO of JPMorgan Chase rose up the ranks of Wall Street and, after being ousted from Citigroup by former CEO Sandy Weill, later went on to the top job at JPMorgan and is credited with leading the bank through the financial crisis relatively unscathed compared to other banks.

Of course, it hasn't been all smooth sailing: Dimon has navigated JPMorgan through the "London whale" trading debacle, a lawsuit over mortgage-backed securities and a lawsuit over the bank's ties with Bernie Madoff.

But, the head of America's biggest bank is still regarded as one of the best executives today, Longo said.

"Whether it's due to coincidence or due to his skill, there's been a tale of two cities between Citi and JP Morgan," he said. Dimon "was forced out of Citi, and Citi was ultimately near bankruptcy while JP Morgan thrived."

Full Article

TAGS: Finance John Longo Wall Street

Rutgers MQF students impress crowd with provocative quant summit staged at NYC's Museum of American Finance

Wednesday, January 29, 2014

Three prominent experts in finance delved into the complexities of sovereign debt and shared their perspectives on the impact of the U.S. Central Bank's intent to unwind its economic stimulus efforts during the annual summit sponsored by the Rutgers Master of Quantitative Finance Program.

TAGS: Alumni Glenn Shafer Master of Quantitative Finance Networking Quant Summit Thought Leadership Wall Street Yangru Wu

Faculty Insight: Can a disgraced trader get a job in academia?

Wednesday, January 22, 2014

Rutgers Business School Professor Michael Santoro, who teaches ethics in business, spent part of last summer chronicling the federal court trial of former Goldman Sachs trader Fabrice Tourre in a series of blogs, tweets and

TAGS: Banking Ethics Faculty Insights Michael Santoro Rutgers Business School Wall Street

Rutgers quantitative finance students continue tradition of Wall Street summit with an eye on sovereign debt

Thursday, January 16, 2014

Leading experts in economics, finance and risk will discuss the sovereign debt crisis with a specific look at the Federal Reserve’s approach to the situation on Jan. 27 during an annual summit hosted by Rutgers Business School’s Master of Quantitative Finance Program.    

TAGS: City of Newark Master of Quantitative Finance Quant Summit Quantitative Finance Thought Leadership Wall Street

Wall Street - Main Street gap widens in unmatched economic recovery, says Michael Santoro in CNBC

Monday, January 6, 2014
Englewood Cliffs, NJ

 "The extraordinary gains of the stock market in 2013 have not been matched in the paychecks of ordinary working people and small businesses," said Michael Santoro, professor of business ethics at Rutgers University. Outlined in his book, "Wall Street Values," he argues that market fortunes have become increasingly separated from the rest of society.

(Read more: The problem with Wall Street greed 5 years after the crash)

Full Article

TAGS: Ethics Michael Santoro Wall Street

Provocative symposium celebrates artist Jan Lourie and a rare exhibit of art at Rutgers Business School

Monday, November 25, 2013

A series of provocative lectures about art, business and the economic ramifications of the subprime mortgage crisis marked the closing of an art exhibit in the lobby of the Rutgers Business School on Nov. 19

TAGS: Farrokh Langdana Lee Papayanopoulos Management Science and Information Systems Nancy DiTomaso Subprime Crisis Wall Street

Road to Wall Street takes a page from Ivy League playbook to improve student access to finance industry

Wednesday, November 20, 2013

Program cultivates a network of well-placed alumni to mentor undergraduates and boost Rutgers presence on Wall Street

Good grades, impressive internships and a solid interview: The qualities employers look for in prospective job candidates are fairly obvious.

But when it comes to getting employers to give you that first look – especially on Wall Street – who you know often trumps what you know.

TAGS: Career Development Undergraduate New Brunswick Undergraduate Newark Wall Street

Rutgers finance professor's new book provides hard-to-find framework for short-selling

Monday, November 18, 2013

Amit Kumar, an adjunct professor of finance at Rutgers Business School, has written a book delving into the intriguing and complicated practice of short selling.

TAGS: Books Finance Investing Tips Thought Leadership Wall Street

Faculty Insight: Michael Santoro blog on SEC v Tourre trial picked up by The New Yorker

Wednesday, July 24, 2013

Rutgers Business School Professor Michael Santoro spent his summer break studying Wall Street – and its regulators – through the federal court trial of former Goldman Sachs trader Fabrice Tourre. Througout the case, Santoro wrote daily blogs and frequently tweeted updates.

TAGS: Blogs Ethics Expertise Faculty Insights Management and Global Business Michael Santoro Thought Leadership Twitter Wall Street

Alum returns as Barclays Global Managing Director to discuss careers in equity research

Thursday, November 15, 2012

According to Rutgers Business School (RBS) alum Stuart Linde, Barclays Managing Director and Global Head of Equity Research, it wasn't easy getting to the top and the best advice he ever received was "never give up" and "go where your passion is." Sounds cliché, yet this sage advice provided by someone from the RBS community holds true for those pursuing a career in today's competitive job market.

TAGS: Alumni Career Development LaToya Battle-Brown Undergraduate Newark Wall Street

Wall Street Leaderless in Rules Fight as Dimon Diminished

Tuesday, August 21, 2012

It’s no wonder that public confidence has sunk to an all-time low with so many financial scandals and so many of them self-inflicted, said Ann Buchholtz, a professor of leadership and ethics at Rutgers University in New Jersey.

“This is a case of heroes doing more harm than good,” Buchholtz said. Investors tend to romanticize corporate leaders and attribute success within an organization to them when the drivers of that performance are far more complex, she said. “We tend to make them bulletproof, looking the other way when we see signs of problems. We don’t believe ill of a leader until the evidence is overwhelming.”

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TAGS: Ann Buchholtz Ethics Wall Street

The Options Industry Council Announces 'Road to Wall Street' Event With Rutgers Business School

Tuesday, April 3, 2012
Chicago, IL

 The Options Industry Council (OIC) announced today that the next event in its university outreach program, The Road to Wall Street: Analyze Your Options, will be at Rutgers Business School in Newark, NJ on Friday, April 13.

TAGS: Speaker Events Stock Market Wall Street

Hordes of Hunger Games fans have an appetite for merchandise and social media marketing

Monday, March 26, 2012

Knowing that diehards will see the movie out of loyalty to the book series helped Lionsgate keep its marketing budget at $45 million. John Longo, who teaches stock valuation and market psychology at Rutgers Business School, said the hype has made an impression on Wall Street, too. Lionsgate Entertainment Group’s stock price soared to a 52-week high as the studio shows signs of reaping big rewards with its newest franchise. Yesterday the stock closed trading for $14.55, up nearly 90 percent this year.

TAGS: John Longo Stock Market Wall Street

Staff Additions Will Be An Important Part Of The Growth Story As Smaller-Cap Banks Take Market Share from Larger-Cap Players, Says Managing Director At Sterne Agee; Read More Of His Take On The Northeast And Mid-Atlantic Banks Space In This Exclusive Inte

Friday, January 13, 2012
New York, NY

Mike Shafir is a Senior Research Analyst at Sterne Agee & Leach, Inc. He joined the firm as a Research Analyst, focusing on Northeast banks and thrifts, in April 2006 after working as an Analyst at Moors & Cabot since 2004. Mr. Shafir holds a B.A. in history from Brandeis University and an MBA in finance from Rutgers Business School.

TAGS: Alumni Wall Street

The madness of Wall Street

Saturday, August 20, 2011
New York, NY

The best thing to be said of the recent stomach-churning turmoil on Wall Street is that it’s taking place in August, a time of year when many people are lounging at the beach or camping in the woods and not paying attention to stocks. But for everyone else not on a ‘stockation,’ watching the markets rise and fall like giant ocean swells has been an unnerving experience that some finance professionals worry could reshape investor behaviour for months and years to come.

“There’s a different dynamic now because of the pervasiveness of high-frequency traders and hedge funds,” says John Longo, chief investment strategist at MDE Group, which manages USD 1.3 billion in assets. Longo, also a finance professor at Rutgers Business School in New Jersey, adds: “The down-5% one day, up-5% the next day volatility wouldn’t have happened in the past.”

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More Sources: 

MoneyWeb, CFO Zone

TAGS: Finance John Longo Stock Market Wall Street

The $50 billion stock market fee

Wednesday, January 5, 2011
(New York, NY)

Direct Edge, the newest stock exchange. Off-exchange trading, says a professor, costs the market up to $50 billion. The New York Times ran a story last weekend about the tech revolution reshaping stock markets. Professor Daniel Weaver of Rutgers Business School took his look at dark markets in October 2009 – and he says there are two main types of dark markets. Some are built for large trades, places where institutions go to trade large blocks of stocks without tipping off other traders. The other markets are built to capitalize on small trades, retail “dumb money” as Reuters put it in a recent story. If you trade online, your broker likely sends your trades to one of these marketplaces — at Knight Capital Group, Citadel, UBS, Citigroup or E*Trade — and gets lucrative (legal) kickbacks in return.

TAGS: Forbes Wall Street

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