Faculty News
Prof. Roy Smith on Citigroup's bond underwriting business
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Excerpt from Bloomberg -- "The underwriting slowdown 'is part of an aggregation of things that is affecting Citigroup all at once,' Roy Smith, a finance professor at New York University’s Stern School of Business and a former partner at Goldman Sachs Group Inc., said by telephone. 'The effort to impose a big increase in internal controls is one that is clearly very labor-intensive.'"
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Additional coverage appeared on Bloomberg Businessweek.
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Additional coverage appeared on Bloomberg Businessweek.