Puerto Rico’s bankruptcy and the municipal bond market

Puerto Rico’s bankruptcy and the municipal bond market

Puerto Rico filed for bankruptcy protection May 3, the largest-ever American municipal debt restructuring in history. As the U.S. territory seeks forgiveness in $73 billion to assorted creditors, an expert at Washington University in St. Louis says the situation should serve as a dire wake-up call to the municipal bond market.
Olin Award winners impact business

Olin Award winners impact business

In a concentrated, continuing effort to link Washington University in St. Louis academic research to everyday business practice, the 10th annual Olin Award recognizes an Olin Business School faculty member who joined two University of Pennsylvania professors in crafting a computer model to guide managers who need to forecast behaviors of newly acquired customers.