Education, Business, & Law

Statement on Citibank Loan Program

The University of Pennsylvania has agreed to modify one of its student loan programs, which is offered by Citibank, in response to a recent inquiry made to the University by the New York Attorney General. Penn will reimburse all participants who borrowed from the Penn CitiAssist program for fees paid by Citibank to the University.

Grand Opening Planned Dec. 5 for 'The Hub,' Mixed-Use Building at 40th and Chestnut Streets

WHAT:  A grand opening event, celebrating the completion of The Hub, a nine-story, 100-unit residential-retail complex at 40th and Chestnut streets in University City, constructed by Teres Holdings, LLC, of PhiladelphiaWHERE:  The second floor of The Hub, 3935 Chestnut St., PhiladelphiaWHEN:  5:30 p.m. Tuesday, Dec. 5WHO:  Featured speakers will include:

Julie McWilliams

How undisclosed SEC investigations lead to insider trading

Should companies go public sooner about the fact that the SEC is investigating them? Daniel Taylor, a professor of accounting at Wharton, investigated this question in a research paper titled, “Undisclosed SEC Investigations,” which considers whether insiders gain an unfair advantage in being able to sell shares before the information hits the market.

Penn Today Staff

In the News

The Washington Post

After Silicon Valley Bank collapse, Washington asks: Is it to blame?

Peter Conti-Brown of the Wharton School recalls the long-term impact of the Trump administration in explaining why Fed supervisors failed to intervene in Silicon Valley Bank.


Philadelphia Inquirer

Black students in Lower Merion got racist emails. One mother says the school should have done more in response

Andrea Kane of the Graduate School of Education says that a school administration’s response to racism depends on the specifics of the incident, such as how much disruption was caused and whether threats of violence were made.


Marketplace (NPR)

What is “moral hazard,” and why does Silicon Valley Bank have us talking about it again?

Tom Baker of Penn Carey Law defines “moral hazard” as when someone behaves differently because they know they’re not going to have to bear the consequences of their actions.


Layoffs are bad for business

Peter Cappelli of the Wharton School says that layoffs show immediate effects and reduce costs for companies, though they often can’t see the long-term drawbacks of employee cuts.


The Economist

What went wrong at Silicon Valley Bank?

Peter Conti-Brown of the Wharton School says that incompetence was behind the collapse of Silicon Valley Bank.