Experience Stern | News & Events

Excerpt from Bloomberg -- "Market-based measures support the view that Deutsche Bank is heavily intertwined with the rest of the global financial system. According to a systemic risk (SRISK) gauge first designed by the Volatility Institute at New York University's Stern School of Business, the bank would face a capital shortfall of 87.4 billion euros if it were still to fulfill capitalization requirements in the event of a financial crisis — which they define as a 40 percent semi-annualized fall in global stock markets."

Excerpt from Bloomberg -- "'I am big on the parallels,' said Roy Smith, the New York University academic who as a banker in 1990 anticipated Japan’s decline. Japan’s market crash 'led to a financial crisis that they never recovered from. China probably faces a debt-led financial crisis too, which could have significant consequences,' he said."

Excerpt from Bloomberg -- "A serious discussion of what the Central Bank ought to be doing, and conditional on what, is a good thing. But I think piling on in a way that threatens its independence or its integrity or so on is not helpful."

Excerpt from Bloomberg -- "In the Peabody battle, the firms’ methods are on full display. Eli Bartov, an accounting professor at New York University’s Stern School of Business, said he found it unusual for investors to lobby a company for an accounting change. 'Management alone is responsible for accounting,' he said."

Excerpt from The Wall Street Journal -- "David Yermack, a finance professor at New York University, said he wasn’t aware of any prior clawbacks this big in the financial services sector. 'If he is really responsible for this (mess), why is he still in place?' Mr. Yermack said of Mr. Stumpf."

The NYU Stern Center for Global Economy and Business hosted a public talk with Philip Lane, Governor of the Central Bank of Ireland on September 27, 2016.

Excerpt from The Irish Times -- "Addressing the New York University Stern School of Business on Tuesday, he said: 'Put differently, forceful accommodative monetary policy in the short run is the best method that policy rates do not stay low for longer than is necessary.'"

Excerpt from Bloomberg View -- "Asset management is a second area that will probably be squeezed by the double fists of technology and regulation. As Philippon has shown, asset management, along with real estate, is one of the two sectors responsible for most of the financial industry’s growth. But that might just make it ripe for compression."

Excerpt from the Minneapolis Star-Tribune - "Responding to Hanson’s idea that the government should issue more short-term debt to discourage that activity, Viral Acharya, an economist at New York University, said he feels uncomfortable with the government getting involved in buying and selling debt to 'crowd out' non-banks. 'It’s better to get at financial stability directly, in my view, rather than mixing fiscal policy with it,' Acharya said."

Excerpt from Bloomberg -- "Unless cable companies offer 'very aggressive' competitive moves such as slashing prices, 'the introduction of new set-top boxes will accelerate the movement away from cable and toward direct downloads,' Economides said."

Excerpt from The Wall Street Journal -- "Consider this: The physics associated with every accident will be recorded in minute detail. Not only will this asset of driverless-car technology be able to establish fault unequivocally and therefore resolve disputes more efficiently and correctly, it will also become a critical tool for coaching purposes and improving driving practices."

Excerpt from MBAInsight -- "I chose business school to make a career switch and, in the process, take my career to the next level. Additionally, I wanted to develop the type of network that would allow me to make friends while also potentially help me down the road when I had graduated. Finally, there were some technical aspects that I was missing in my undergraduate education, which I needed to understand to succeed in consulting."

 

Excerpt from The New York Times -- "'Wall Street now conjures up images of corruption, and if you are a person from Wall Street, you have to overcome that,' said Roy C. Smith, a former Goldman Sachs partner who teaches finance at New York University. 'One of the big rubs against Hillary now is that she was paid by Goldman to give speeches at Goldman.'"
 

Excerpt from OZY -- "Lyft commands a sizeable share of the market — about 25 percent, according to Aswath Damodaran, a finance professor at NYU’s Stern School of Business."

Excerpt from AFP -- "Although the public has become habituated to news about data breaches, this news may erode confidence in the online ecosystem, according to Galloway. 'The hacks are more damaging to the ecosystem than individual companies,' he said. 'Ms. Mayer's obscene compensation and the hack give people the sense the game is rigged and that they can trust no platform.'"

Excerpt from The Atlantic -- "According to the economist Thomas Philippon, total compensation of financial professionals, including profits, wages, salaries, and bonuses, is around 9 percent of U.S. GDP — about $1.4 trillion dollars. That’s up from below 3 percent of GDP in 1951. As compensation in the financial sector grows, though, there’s no sign that more finance is bolstering economic activity, Philippon finds."

Excerpt from Accepted.com -- "Stern is an incredible place. It may sound cliché, but my favorite thing about the program is my classmates. I have made friends and trusted colleagues for life in a little over a year’s time. That’s very difficult to do. I give a lot of credit to Stern’s admissions team for putting together an awesome and diverse class."

A group of industry professionals and Stern alumni gathered for a series of lectures and panel discussions as part of the 2016 Risk Management Symposium.

Excerpt from the New York Law Journal -- "'Nobody is going to be making grand speeches, as you might to a jury, because what's the point, this judge is presiding,' she said. 'He knows the story here. … What I would do is get the witnesses on, have them testify, and not do a dog-and-pony-show trial.'"

Excerpt from Fortune -- "'Financial information doesn’t move markets,' they conclude. 'Reported earnings are largely detached from reality, and no longer reflect the factors that create corporate value.'"

Excerpt from Bloomberg View -- "...the highly respected Xavier Gabaix of New York University has incorporated the idea into a new model."

Excerpt from Poets & Quants -- "'I’m just surrounded by energy and students who are excited about being at NYU,' says Barasch, who will teach a core Introduction to Marketing course to undergrads in the spring. 'But the real draw was Stern’s Marketing Department. It’s top-notch. It has some of the best researchers, the most published and well-known names.'"

Excerpt from The New York Times -- "'You can be a pioneer in the market and get surpassed by other things,' Professor Greenwald said. 'I think that’s partly what’s happening to them — their food safety problems coincided with all these new concepts like Cava Grill and Sweetgreen.'"

The NYU Stern Center for Global Economy and Business hosted a panel on The Big Short and Financial Reform on September 20, 2016.

Excerpt from Marketplace -- "Dhar said despite some recent crashes of semi-autonomous vehicles, driverless vehicles could end up being far safer than human drivers. 'There's a huge drag on the economy around accidents,' he said. 'There's 4 million injuries every year. Almost 40,000 people die.'"