Posts Tagged with “financial crisis”

Simple tech tool could cut billions in spending, help both parties

February 14th, 2011

A Huffington Post column about the benefits of using eXtensible Business Reporting Language (XBRL) quotes XBRL expert Saeed Roohani, a Bryant accounting professor.

Roohani notes that if XBRL had been in widespread use in the United States around 2004, the entire global financial collapse might have been avoided. "There would have been little room for mystery about types of portfolios and derived financial instruments that recently failed institutions were holding. Alarms would have been sounded long before reaching a crisis; the government and stockholders could have taken preventive action," Roohani says.

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Banks using high-yield CDs to boost balance sheets

December 12th, 2008

Before the financial crisis, banks "were undercutting each other on the loan side to pick up customers - basically reducing the spread" between the cost of borrowing and lending, said Peter Nigro, associate professor of finance, tells the Providence Business News. Now it's happening on the deposit side, he tells the Providence Business News.

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