NJIT Newsroom tagged with "banks" Updates about what's happening on and around the NJIT campus. http://www.njit.edu/news en-us 2014 New Jersey Institute of Technology http://www.njit.edu/uicomponents/images/sub_logo.gif New Jersey Institute of Technology http://www.njit.edu 60 NJIT Business Prof Says First-Quarter Bank Profits Will Soon Prove Ephemeral http://www.njit.edu/news/2009/2009-205.php http://www.njit.edu/news/2009/2009-205.phpWed, 27 May 2009 00:00:00 -0400 NJIT finance professor Michael Ehrlich predicts that the strong profits reported by banks in the first quarter will soon be followed by more losses. Ehrlich, a market failure expert, notes that the unexpectedly strong profits reported in the first quarter by many large banks were the result of significant accounting manipulation. 

Tagged: michael ehrlich, finance