In an op-ed, Professors Roy Smith and Brad Hintz examine market conditions in light of dismal first quarter earnings for investment banks
— March 31, 2016
Excerpt from Financial News -- "For a while 2015 looked like a year that would signify the end of the post-crisis slump for the banks: mergers, equities, debt and leveraged buyouts all were firing away, and some predicted that the long wait for a profits recovery would soon be over. But, the first quarter data shows it was not to be. The oil glut rattled stock, debt and currency markets and recession fears forced unexpected credit write-downs."