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New York Times: May 1, 2023
In an Unsteady Banking Industry, First Republic’s Problems Stood Out
Is the worst of the banking crisis over? “This is not a liquidity issue, it’s a solvency issue,” Professor Tomasz Piskorski and co-authors of a new working paper calculate that dozens of regional banks could become severely distressed if their real estate portfolios lost value and their uninsured depositors got spooked and fled. Read full article here.
Yahoo! Finance: April 21, 2023
‘It’s a pretty tough time to buy a home,’ professor says
Co-Director of the Paul Milstein Center for Real Estate, Professor Christopher Mayer joins Yahoo Finance Live to discuss investing in real estate, the Fed’s policy pathway, the state of the U.S. banking system, weakening economic conditions, and the outlook for Millenial and Gen Z home ownership. View full interview here.
Wall Street Journal: April 18, 2023
Few Banks Are Hedging Interest-Rate Risk
Professor Tomasz Piskorski is the co-author of the paper, “Limited Hedging and Gambling for Resurrection by U.S. Banks During the 2022 Monetary Tightening?” [which] contends that hundreds of other banks share [the] risk, which played a role in the collapse last month of Silicon Valley Bank. Read full article here.
CNBC: March 22, 2023
We need to reconsider the capital regulation of banks: Columbia professor Piskorski
Professor Tomasz Piskorski joins ‘Squawk Box’ to discuss whether banks should be prepared for customers pulling deposits, whether there should be full deposit insurance, and much more. View full interview here.
Yahoo! Finance: March 21, 2023
Bank risk ‘has been building up for many, many years,’ NBER researcher says
Professor Tomasz Piskorski joins Yahoo Finance Live to discuss U.S. bank risks, the state of the U.S. banking system, and the outlook for U.S. banks following the collapse of SVB. View full interview here.
New York Times: February 8, 2023
The Prophet of Urban Doom Says New York Still Has a Chance
Professor Stijn Van Nieuwerburgh speaks to the New York Times about his two recent papers with numbers predicting "the urban doom loop," his sudden rise in popularity, and the future of New York. Read full article here.
Marketplace: January 11, 2023
Like other banks before it, Wells Fargo pulls back from mortgage biz
Professor Tomasz Piskorski speaks to Marketplace about how "regulation is the biggest reason so many banks have pulled back from writing mortgages" and how nonbank lenders are dominating the market. Read full article here.
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