Faculty News

Prof. Roy Smith on Citigroup's bond underwriting business

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.'"

Read more

Additional coverage appeared on Bloomberg Businessweek.