Finance

Lisa Servon of the Weitzman School of Design says that households might not hold onto new bank accounts and outlines the main reasons why people refuse to get them.

Cary Coglianese of Penn Carey Law and the Penn Wharton Budget Model comment on policies espoused by Pennsylvania’s gubernatorial candidates, including the removal of government regulations and the reduction of state gas taxes.

Vincent Buccola of the Wharton School says that investors who’ve been left out of deals may have very good legal claims against companies and their superpriority lenders.

Jill Fisch of Penn Carey Law says that it’s much easier to generate lawyer fees to make a case disappear with an individual action rather than a class action lawsuit.

Paul Nary of the Wharton School says that Lego owner Kirkbi’s $875 million acquisition of U.S. video-learning firm BrainPOP is an iffy investment.

Benjamin Keys of the Wharton School says that Hurricane Ian’s impact on Floridian retirement funds and assets is an enormous wealth shock.

Mohamed El-Erian and Jeremy Siegel of the Wharton School say that recent Federal Reserve policy mistakes will lead the country into a recession.

Kevin Kaiser of the Wharton School says that Elon Musk’s equity commitments are on shaky ground if any of his Twitter bid backers have changed their minds.

Michael Useem of the Wharton School says that boards are facing increased scrutiny from activist investors as institutional owners join forces with them to pressure companies.

Kevin Kaiser of the Wharton School says that no one knows how committed Elon Musk’s Twitter bid backers are or whether they’re able to back out of the deal.