Financial Services

Results for Financial Services
  • Media
    Expensive Small Business Lenders Are Unregulated. Should They Be?

    Critics calling for regulation of alternative lenders have pointed to high borrowing costs, which often top 50 percent on an annualized basis, and lack of transparency, especially among the brokers many lenders rely on to bring in business. On the other hand, "there are some who say the marketplace is solving the problem," said Karen Mills, former head of the Small Business Administration, in a recent interview. "You have innovators and entrepreneurs coming in, and you don't want to get in the way of this too soon."

  • Media
    Former SBA Chief Raises Alarm Over a Still Tight Credit Market for Small Businesses

    Karen Mills' Harvard report on the state of small business lending paints a bleak picture, with the exception of technology.

  • Research
    The State of Small Business Lending: Credit Access during the Recovery and How Technology May Change the Game

    This working paper by Karen Mills examines the small business credit environment during the recession and in the recovery-focused years since, as well as the impact persistent lending gaps may be having on job creation as a whole. Last, Mills takes a look at the dynamic and fast growing online lending market that has ignited since the recession and how the technology and innovation those entities are driving may change how small businesses and entrepreneurs finance their growth in the future.

  • Media
    Three ways to reignite U.S. job creation

    Despite the strong monthly U.S. jobs report released last week, it's likely too soon to cheer the positive numbers. In recent years, the number of jobs created has been anything but choppy; for instance, in October 2012 and again in February and November 2013, the U.S. economy generated more than 200,000—enough to keep up with population growth. In December and earlier this year in January, however, that momentum lapsed when job creation dropped to less than 150,000.

    It's no wonder Americans remain anxious. In many parts of the country people don't believe they will be better off in five years than they are today. This anxiety shakes the very foundation of the American Dream.

    Karen Mills, Senior Fellow, Harvard Business School

  • Media
    A Playbook For Small-Business Job Creation

    As Administrator of the Small Business Administration (SBA), Karen Mills spent four years as part of President Barack Obama's senior economic team and a member of his Cabinet, specifically focused on the health and growth of America's small businesses and entrepreneurs. Now Mills has brought her experience as a policy maker—as well as 25 years of experience as an investor and small business owner—to the U.S. Competitiveness Project at Harvard Business School.

  • Media
    When it Comes to Tax Laws, the Issue is Competitiveness

    The United States needs a modern tax code that unleashes the power of America's economy to create jobs, increase growth, encourage businesses to invest in the U.S., and let American companies large and small compete in today's global economy.

  • Media
    CEOs Group Calls Too-Big-to-Fail Bill Threat to U.S.-EU Accord

    Prospects for a new trade agreement with the European Union are being threatened by measures that would boost capital requirements for the biggest banks, a group representing U.S. chief executive officers said in a letter.

  • Media
    Alarming Competitive Weakness In U.S. Capital Markets

    U.S. capital market competitiveness weakened in the first quarter of 2013, when all 20 of the largest IPOs conducted worldwide occurred outside of the U.S., extending a declining trend in market competitiveness from 2012, according to the Committee on Capital Markets Regulation.

  • Media
    Continued Weakness in Capital Markets

    US capital market competitiveness remained weak in 2012 with many competitiveness measures suffering declines from the previous year, according to the Committee on Capital Markets.

  • Media
    Latest CCMR Study Shows Further Decline In U.S. Capital Market Competitiveness

    The Committee on Capital Markets Regulation, an independent and nonpartisan research organization dedicated to improving regulation and enhancing the competitiveness of U.S. capital markets, today released data from the second quarter of 2012.

  • Media
    US lawmakers seek to boost foreign investment share

    A bipartisan group of lawmakers on Thursday are calling for action to boost the US share of global foreign investment, which has fallen 50 per cent over the past decade as companies pour money into faster-growing economies.

  • Research
    How to Make Finance Work

    Professors Robin Greenwood and David Scharfstein make recommendations in three important domains in which the U.S. financial system has underperformed: financial stability, housing finance, and investment costs.