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Finance
Lessons from the Silicon Valley Bank collapse
Lessons from the Silicon Valley Bank collapse
Wharton finance professor Itamar Drechsler discusses what led to the collapse of SVB and the questions it raises for banks, depositors, and regulators going forward.
This Wharton undergrad cycled the world’s highest volcano
This Wharton undergrad cycled the world’s highest volcano
Second-year Ryan Torres not only scaled Ojos del Salado by bike, he raised funds for World Bicycle Relief, an international nonprofit dedicated to improving access to cycling around the world.
What is the future of Social Security?
What is the future of Social Security?
As Social Security continues to march toward insolvency, Olivia S. Mitchell of the Wharton School discusses current policy debates and the role of financial literacy in achieving reform.
Penn’s 2022 Green Purchasing Award recipients
Penn’s 2022 Green Purchasing Award recipients
Danielle Cavalcanto at the Perelman School of Medicine and the Division of Finance’s Disbursements Department are honored for significant solutions and novel practices for sustainability.
Mark F. Dingfield named VP, Finance and Treasurer at Penn
Mark F. Dingfield named VP, Finance and Treasurer at Penn
Dingfield joined Penn in 2017 as the associate provost for Finance and Planning, and will assume the role of vice president effective Oct. 17.
The Lauder Institute’s Chad Payne on Web 3.0 in Africa
The Lauder Institute’s Chad Payne on Web 3.0 in Africa
Chad Payne, a second-year student in the Lauder Institute’s Africa Program, talks about his winning speech for this year’s Penn Grad Talks and the potential of Web 3.0 in Africa.
Wharton expert explains the crashing crypto market
Wharton expert explains the crashing crypto market
What does the cryptocurrency crash mean for investors? Wharton expert, Sarah Hammer talks with Penn Today about the digital asset.
The West’s sanctions on Russia
The West’s sanctions on Russia
Jesús Fernández-Villaverde, professor of economics and director of the Penn Initiative for the Study of the Markets, discusses the severity of the sanctions, the effects so far, and the potential reverberations for the rest of the globe.
What are non-fungible tokens?
What are non-fungible tokens?
What are NFTs? Sarah Hammer from The Wharton School breaks down the basics of the digital assets.
A beginner’s guide to cryptocurrency
A beginner’s guide to cryptocurrency
What is cryptocurrency? Sarah Hammer from The Wharton School breaks down the basics of the digital currency.
In the News
The New York Times
The Fed is doing too much, all at once
A study co-authored by Itamar Drechsler of the Wharton School finds that banks may collectively face paper losses of as much as $1.7 trillion in long-term bond holdings.
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Tampa Bay Times
Florida targeting of environmental and social investing could come with costs
A study by the Wharton School finds that Texan cities saw an increase of $303 million to $532 million in interest payments after banning municipalities from doing business with ESG policy banks in 2021.
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NBC News
After SVB collapse, some lawmakers weigh having regulators watch TikTok and Twitter for bank panics
Peter Conti-Brown of the Wharton School says that Silicon Valley Bank failed because it was a bad bank and not because of social media, although technology did play a role in the form of digital banking.
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Financial Times
Jay Powell and Janet Yellen struggle to calm nerves in banking crisis
Christina Skinner of the Wharton School says that statements by Federal Reserve Chair Jay Powell and Treasury Secretary Janet Yellen have the same objective: quelling panic and runs.
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Scientific American
Climate change is destabilizing insurance industry
Benjamin Keys of the Wharton School says that growing risks from climate change and rising reinsurance costs have caused insurers to raise premiums and pull out of markets, abandoning homeowners.
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The Washington Post
Surprised by interest rate hikes? Really?
According to Will Diamond of the Wharton School, the biggest culprit in Silicon Valley Bank’s failure is that the Fed’s most severe stress test scenario in 2022 didn’t consider the possibility of rising interest rates.
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