Finance
Eliot Spitzer: The U.S. Never Had the Will and the Ability to Hold the Most Powerful to Account
In a special interview with ProMarket, former New York governor Eliot Spitzer talks about financial regulation, regulatory capture, and antitrust. Part 1 of 2.
Clear rules and...
How Biology Explains Back-Scratching Between Wall Street and Government
The revolving door of government and business explained in the lab.
The systemic financial risk-taking in the lead-up to the financial crisis was a product...
A Small Step for Theory, a Leap Forward in Corporate Governance
Moving from shareholder value maximization to shareholder welfare maximization may be a small step in theory, but it could trigger a leap forward in...
How Financial Regulations Can Create Barriers to Entry: The Case of Cumplo in Chile
A new Stigler Center case study chronicling the story of Chile’s first crowdfunding platform and its early regulatory challenges illustrates how financial regulations can be...
"The Connection Between Finance and Politics Has Been Under-Researched for Years"
Ahead of the Stigler Center's conference on the political economy of finance, we interviewed Stigler Center Director Luigi Zingales about the motivation behind the first-of-its-kind...
Wells Fargo and the Failure of Boards and Regulators
Two new reports concerning the Wells Fargo scandal suggest that the bank's senior management, its board of directors, and the regulators all knew about the bank's...
I Was a Whistleblower. The Fed Is Not Doing Enough to Fix Wall Street’s Culture of Fear
Deutsche Bank whistleblower Eric Ben-Artzi, who publicly rejected a multimillion dollar award from the Securities and Exchange Commission this summer, writes about the failure...
Study: Women in Finance Are Punished More Severely – Especially When Their Boss Is a Man
A new Stigler Center paper shows the extent of sexism in the financial industry: although male financial advisers are three times as likely to engage in misconduct...
PwC and the Oscars: When Auditors Take Investors to La La Land
PwC suffered an enormous blow to its reputation following the Oscars because the ceremony is highly visible and the failure was simple to understand. But the accounting giant has experienced many blunders in the last...
Could the Fed Have Rescued Lehman Brothers? Q&A with Laurence Ball
A new study argues that the Federal Reserve could have saved Lehman Brothers from bankruptcy, but chose not to, partly because of political pressures.
Eight-and-a-half years ago,...
