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Financial Engineering

Latest Headlines

Latest Headlines

Banks face severe revenue drought

Are the glory days over for the top U.S. banks? The industry, which until the financial crisis was among the most prosperous, has been hit with a painful revenue drought. Goldman Sachs's revenue fell

Why Lehman Brothers really went belly up

"The Wall Street equivalent of a coroner's report." That's what the New York Times calls the 2,200 page tome delivered by bank examiner Anton Valukas about the demise of Lehman Brothers ( Lehman

Wall Street and the "shortage" of engineers

Educators and pundits have been bemoaning the lack of science and engineering talent coming from U.S. colleges for years now. But a new study from researchers at Rutgers and Georgetown, noted by IT

Demand for quants still strong, but...

Would-be financial engineers are still in demand, even though the hiring frenzy has abated, reports Financial Week. More than half of recent graduates from top quant schools found jobs. In the boom

Andrew Lo to collaborate with Bank of America

If there's one academic who has ridden the whole quantitative boom on Wall Street to fame and fortune, its Andrew Lo, professor and head of the MIT Sloan School of Management's Laboratory for