In an important new article, University of Pennsylvania Law School Professor Natasha Sarin deploys original empirical research to examine the impact of key consumer finance reforms implemented in the wake of The Great Recession. ...
Economics & Business
Sep 24, 2019
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General Electric shares rocketed higher Thursday despite disappointing quarterly earnings after the company announced a preliminary settlement with US officials over subprime mortgages.
Business
Jan 31, 2019
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Researchers at The University of Texas at Dallas recently published the first empirical investigation connecting credit default swaps to mortgage defaults that helped lead to the 2007-2008 financial crisis.
Economics & Business
May 25, 2015
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(Phys.org) —A recent article, appearing in the Journal of Urban Economics, authored by Penn State faculty member Brent Ambrose, Smeal Professor of Risk Management in the Smeal College of Business, and former doctoral student ...
Economics & Business
Jul 3, 2014
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Organisations must dramatically improve their response to cyber risks to avoid a new global shock on the scale of the financial crisis that rocked the world in 2008, a study showed Tuesday.
Security
Apr 22, 2014
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The causes of the foreclosure crisis seem obvious: Buyers purchased homes they couldn't afford, lured in part by lenders pushing subprime mortgages. Real estate values escalated, and when the bubble burst, buyers were left ...
Economics & Business
Mar 29, 2013
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LightSquared Inc., which hoped to create an independent wireless broadband network in the U.S., filed for bankruptcy protection on Monday.
Telecom
May 14, 2012
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If we want to prevent the next financial crisis, a new model of corporate governance is needed to replace shareholder primacy in financial institutions. Gates Scholar Mike Marin explains why.
Economics & Business
Mar 20, 2012
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A common reading of the recent subprime mortgage crisis pins the blame on bankers and loan brokers who extended mortgages to those who could not afford them, thereby inflating a housing bubble that was destined to burst.
Social Sciences
Jun 2, 2011
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While the nation's foreclosure crisis has focused blame on bad loan practices by some lenders, new research shows how some banks may have actually reduced the default risk of their homebuyers.
Economics & Business
Jan 3, 2011
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