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Importantly, SWIFTs are not banks; they are more akin to private investment pools, like hedge funds or private equity firms. Moreover, they have universally opted to keep their assets below the $100 billion “Too Big to Fail” threshold that regulators use to classify any financial institution as systemically significant and hence subject to added supervision. Given these two facts, SWIFTs have not been subject to the strict capital and liquidity requirements imposed on banks in wake of the global financial crisis of 2007-2010. In the meantime, the major banks, unable to compete with...

Author: By Jeremy C. Stein | Title: The Next Financial Crisis | 5/27/2010 | See Source »

...cross the stage tomorrow and step out into the world beyond this school, what if it’s more important than ever to recapture that child-like sense of imagination?” Coleman said. “What if, in a world so vastly transformed by crisis that it barely resembles the one we left in 2008, what matters most is not Excel proficiency or accounting acumen, but a passion and capacity for creativity...

Author: By Tara W. Merrigan, CRIMSON STAFF WRITER | Title: Speaker Pushes For Creativity at Business School Class Day | 5/27/2010 | See Source »

...Something I’ve learned while here at HBS is that business schools students like to celebrate,” said Jamie D. J. Chang, a member of the Class Day Committee, which organized the ceremony...

Author: By Tara W. Merrigan, CRIMSON STAFF WRITER | Title: Speaker Pushes For Creativity at Business School Class Day | 5/27/2010 | See Source »

...Students increasingly saw the elite MBA as a place to develop a social network rather than acquire a professional education,” Khurana says. “In other words, elite MBA programs were becoming more like finishing schools rather than professional schools...

Author: By Tara W. Merrigan, CRIMSON STAFF WRITER | Title: A Brand Name MBA | 5/27/2010 | See Source »

First-years especially feel pressure from their peers to go out and mingle at social events—because “they feel like they should,” says M. Scott Daubin, a former Student Association Co-President graduating this...

Author: By Tara W. Merrigan, CRIMSON STAFF WRITER | Title: A Brand Name MBA | 5/27/2010 | See Source »

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