Median home prices have surged past the U.S. record set in 2006 at the peak of the real estate bubble, but don’t expect a repeat of the Great Recession. Instead, Smith School professor Cliff Rossi expects an eventual market slowdown driven by a mixture of negative and positive factors. “Home prices at a national level are not anywhere near to cratering like they did back in 2007, 2008 and beyond,” Rossi says. He shares the following good and bad news that homebuyers and sellers should consider. Read more...
On its face, Bank of America delegating stress test oversight to its human resources chief is a "head scratcher," Smith School professor Clifford Rossi tells American Banker. As part of a larger leadership shakeup, the megabank recently appointed its global head of HR Andrea Smith to a newly created chief administrative officer position. The role encompasses global corporate strategy and includes managing BofA’s Dodd-Frank stress tests, which involve measuring risk to determine the bank's ability to withstand an economic downturn. Read more...
Bill Longbrake, executive-in-residence at the Smith School's Center for Financial Policy, lays out the big issues for Greece as the country enters the end game of its long-running financial drama. "There are times when, even though there might be a logical solution from an economic and financial point of view, you can't get there because of political constraints," Longbrake says. Read more...
In this episode of Smith Business Close-Up with the Smith School, host Jeff Salkin sits down with Michael Faulkender to talk about tax reforms.
Smith Undergrads’ ‘Woodstock for Capitalists’ Experience includes ‘Buffett v. Mayweather’
This year’s Berkshire Hathaway Inc., annual shareholder meeting coincided with the conglomerate’s 50-year anniversary under Chairman Warren Buffett – and the Floyd Mayweather- Manny Pacquiao boxing showdown.
Finance undergraduates in the University of Maryland’s Robert H. Smith School of Business engaged with legendary investor Leon Cooperman in a “lunch and learn” session in New York City on May 26, 2015.
Cooperman, who operates a $9 billion hedge fund as CEO and chairman of Omega Advisors, recounted his career (Read CNBC’s Alpha Addict: The Amazing Career of Leon Cooperman), gave a market outlook and engaged the students in a Q&A.
The Robert H. Smith School of Business at the University of Maryland is recognized as one of the top research institutions in the world, but it is also a place where students can learn from some of the best teachers in the business. Each year, Smith awards three different honors to its faculty members who have demonstrated a passion for teaching excellence: The Distinguished Teaching Awards, the Krowe Teaching Excellence Awards and the Legg-Mason Award.
The University of Maryland’s Robert H. Smith School of Business community came together to celebrate the achievements of full-time MBA students at the 4th Annual MBA End-of-the-Year Banquet on May 14, 2015, held at the College Park Marriott Hotel and Conference Center.
Five teams of undergraduate finance students at the University of Maryland’s Robert H. Smith School of Business participated in the 12th Annual Joseph M. Wikler Finance Case Competition on Friday, April 24, 2015.
The University of Maryland’s Robert H. Smith School of Business community came together on May 7, 2015, to celebrate the achievements of top undergraduate students at the 15th annual Dean’s Undergraduate Senior Awards Dinner. More than 60 students, faculty and staff enjoyed a dinner at Van Munching Hall.