Finance and Economics

Even for a seasoned executive, putting together two legacy banks dedicated to the money matters of the wealthy was a daunting task.

Keith Banks, who oversaw the merger of U.S. Trust and Bank of America’s Private Bank beginning in 2007, talked about it recently as a test of leadership style and decisiveness.

The Rutgers Board of Governors unanimously approved the appointment of Vikram Nanda to the $2 million Albert R. Gamper Jr. Chair in Business. Nanda joins Rutgers Business School – Newark and New Brunswick’s Department of Finance and Economics.

Further strengthening its ties to Wall Street and bringing its Thought Leadership series to the heart of the finance industry, the Rutgers Business School Master of Quantitative Finance program hosted its Second Annual MQF Quant Summit at the New York Stock Exchange (NYSE).

Jeffrey Klepacki likes to say he earned his MBA on the river. 

What he means, really, is that a lot of the experience he draws on as an executive – determination, discipline, resiliency – he gained from his participation on the Rutgers varsity crew team and the experience of regular training, team work and intense competition.

Darius Palia, a finance professor at Rutgers Business School, believes the sweeping reforms contained within the Dodd-Frank Act are proving to have a steep, unexpected price tag.

The two-year-old federal law, inspired by the collapse of the financial industry and the ensuing “Great Recession,” was intended to prevent another financial crisis by imposing new requirements for transparency, accountability and consumer protections.

The 20^th Annual Conference on Pacific Basin Finance, Economics, Accounting, and Management was held at Rutgers University on September 8 to September 9, 2012. The first conference took place at Rutgers University in 1993.

Darius Palia, a finance professor at Rutgers Business School, believes financial industry regulators have to be careful not to primarily look at the size of an institution when assessing the potential impact its failure would have on the industry. Based on the events that occurred after the collapse of Lehman Brothers in 2008, this is a limitation of rule-making and implementation under Dodd-Frank, according to Palia.

The 20th Annual Conference on Pacific Basin Finance, Economics, Accounting and Management (PBFEAM) will be held at Rutgers University – Livingston Campus, Livingston Student Center on September 8th and 9th, 2012. The upcoming conference will be one of the largest international conferences hosted by Rutgers Business School in recent history.