Business

Business

Goldman Sachs settles debt obligation from 2008 recession

State and federal officials have announced that Goldman Sachs will pay $5.1 billion to settle accusations of “wrongdoings” in handling residential mortgage-backed securities before the financial crisis of 2008. The multinational investment banking firm struck the deal to settle “actual and potential” civil claims over Goldman’s mortgage securitization activities from 2005 to 2007 with the…

Investment Management Group invests for Baruch College fund
Business

Investment Management Group invests for Baruch College fund

It is no secret that Baruch College is full of professional business clubs; over 80 percent of Baruch’s undergraduates are enrolled in the Zicklin School of Business. Surprisingly, few students know that Baruch a finance club invests actual money from the Baruch College Fund. The Investment Management Group does just that. The Investment Management Group…

Big banks strategize to appeal to younger demographic in hiring
Business

Big banks strategize to appeal to younger demographic in hiring

Millennials may be reshaping the banking industry as large firms adjust their practices in order to retain young talent. Multiple big banks, such as Goldman Sachs and Credit Suisse, have changed the industry’s work environment to better fit employees just out of college. According to a LinkedIn Corp. analysis conducted for the Wall Street Journal…

Business

Import prices in March rise as oil prices increase

Average import prices rose in March. The rise was strongly buoyed by an increase in oil prices, and was the first rise in nine months. Import prices increased by 0.2 percent in March, according to a Labor Department report. This comes after a 0.4 percent decrease of import prices in February. The March increase was expected to…

Business

Commonwealth proposes to remediate debt by halting all cash payments

The Working Group for the Fiscal and Economic Recovery of Puerto Rico recently released its second attempt to remediate its cash deficit crisis. The proposal comes after an initial attempt by the governor to dodge any immediate cash payments by promising a long-term pay-off for investors. However, the appeal failed to satisfy bondholders’ return on…

Leading strategist and author busts his ‘Five Myths of Wall Street’
Business

Leading strategist and author busts his ‘Five Myths of Wall Street’

In an offset of Ethics Week, The Baruch Investment Management Group in collaboration with The Robert Zicklin Center for Corporate Integrity and The Charles Dreifus Ethics-Across-the-Curriculum Initiative hosted a panel event and discussion with Jason DeSena Tennert, author and chief financial strategist,. Tennert is a managing partner of Strategas Research Partners LLC, an institutional brokerage…

Business

Boston University professor discusses ethics and public relations

The Robert Zicklin Center for Corporate Integrity and Corporate Communication International hosted a discussion and panel led by author and Boston University professor Dick Martin last week as part of Ethics Week at Baruch College. The event sought to answer the question, “Are ethics and public relations mutually exclusive, like ethical embezzlement?” Martin is currently…

Business

Tesla unveils latest model to appease middle class consumers

After establishing itself as an innovative electric carmaker in the luxury vehicle market, Tesla unveiled its Model 3 in a successful attempt to attract middle-class customers into the world of high-end electric vehicles. According to Market Watch, there were 276,000 orders placed for the Model 3 as of April 2. Each reservation requires the buyer…

Whistleblower Anthony Menendez talks Halliburton, takes part in Baruch Ethics Week
Business

Whistleblower Anthony Menendez talks Halliburton, takes part in Baruch Ethics Week

The Robert Zicklin Center for Corporate Integrity hosted a Q&A panel with “whistleblower” Anthony Menendez, a former employee of multinational corporation Halliburton and Jennifer M. Pacella, assistant professor of law at Baruch College. The event was part of Ethics Week, a time in which Baruch features in-class discussion of ethics-related course material, conducts student-oriented ethics…

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