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Posts published in “Finance”

Coronavirus and the Market Part III

Note: Considering the potential market fluctuations throughout the COVID-19 Pandemic, it should be noted this article was originally written on 3 June 2020

A few weeks ago in May, the US treasury announced a record high $96 billion quarterly refunding driven by the Covid-19 emergency stimulus. This compares to $84B from last quarter, an amount which held for the previous 5 quarters. So how does a former Goldman Sachs Banker, who is one of the longest-tenured cabinet members in Trump’s administration, decide to structure such debt in such crazy times? In other words, how does Mnuchin, the U.S. treasury secretary, think?…

Coronavirus & the Market: Part II

Note: Considering the potential market fluctuations throughout the COVID-19 Pandemic, it should be noted this article was originally written on 4 April 2020.

These are unprecedented times. Shamefully, the biggest thing I first noticed was the lack of a long commute to work. It went from 80 minutes to 25 to 0, which was actually quite nice. Then I noticed how sad the cereal aisle looked. This is essentially the only place I’m allowed to go now. All kidding aside, I,  and probably most of us, fail to appreciate the full gravity of the pandemic at this point, and how it will affect the decades to come.…

Coronavirus & The Market

If you are lucky enough to have a 401(k), first of all,
congratulations. You are preparing for retirement when you’re young, likely
30-plus years before you say goodbye to your working days. That’s the best
possible way to prepare for your golden years, regardless of how fast your
portfolio grows. For folks in that group, the value of time (read: compound
interest) is worth more than a single annual return in the stock market. 

However, if you do have a 401(k), or any investment
portfolio with a heavy concentration in equities for that matter,
unfortunately, it has probably gotten crushed lately.…

Fireside Chat with Jelena McWilliam

By Richard Berner

On February 19, the Stern Center for Global Economy and Business and the Stern Volatility and Risk Institute hosted an NYU Stern Fireside chat with Jelena McWilliams, Chairman of the Federal Deposit Insurance Corporation, one of America’s critical financial regulators. 

Stern’s Fireside Chats give faculty and students an opportunity to interact and engage with leaders in business and government. This event did not disappoint: Chairman McWilliams is the third woman to fill the leading role at the FDIC and the interview revealed clearly why she is a role model for all of us. 

We began the discussion by exploring Chairman McWilliams’ background and her passion for her work as a financial regulator.…

Finding Your Voice: Career Advice from Karen Reynolds Sharkey (MBA ‘98)

By Alyssa Brewer

Karen Reynolds Sharkey (MBA ‘98), a leader in the finance world who launched and continues to lead the national business owner strategy at Bank of America’s Private Bank, is channeling her years of experience into supporting female entrepreneurs and business leaders.

Driven by a desire for a career on Wall Street, Karen Reynolds Sharkey joined J.P. Morgan after completing her undergraduate degree at Rutgers University. She completed the part-time MBA program at Stern while working on the trading floor in equity derivatives, then moved to San Francisco to head up a team covering the West Coast. As she moved into senior leadership positions, Sharkey’s career brought her back to New York, followed by a transition into the private banking sector with Bank of America.…

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