Dr. Rebel A. Cole is a Professor of Finance and Real Estate in the Kellstadt Graduate School of Business and Driehaus College of Business at DePaul University. Since July 2003, he has been teaching MBA-level courses in financial management, corporate governance and valuation, as well as the capstone finance class for undergraduate finance majors.
Prior to coming to DePaul, Dr. Cole taught at the University of New South Wales in Australia and the University of Auckland in New Zealand. During his career, he has taught finance in six different countries (Australia, Bahrain, China, New Zealand, Switzerland and the U.S.).
Dr. Cole received his PhD in Business Administration from the Kenan-Flagler School of Business at the University of North Carolina at Chapel Hilll in 1988. For the next ten years, he worked as a staff economist at the Federal Home Loan Bank Board (now the Office of Thrift Supervision), where he worked on the 1980s S&L crisis; at the Federal Reserve Bank of Dallas, where he worked on the 1990s banking crisis; and at the Board of Governors of the Federal Reserve System in Washington, DC, where he oversaw the design, development and implementation of the System for Estimating Examination Ratings (SEER)--the Fed's primary system for offsite monitoring of banks and bank holding companies--and the Survey of Small Business Finances.
Since leaving the Board of Governors in 1997, Dr.Cole has served as a special advisor to the Carribbean Technical Assistance Center, the International Monetary Fund, the Middle East Technical Assistance Center, USAid and the World Bank, providing technical assistance to Central Banks in developing countries that include the Bahamas, Cape Verde, China, Ghana, Guyana, Jamaica, Kenya, Lebanon, Malaysia, Mongolia, Morocco, Palestine, the Philippines, Russia, Syria, Trinidad & Tobago, Turkey, Ukraine, Uzbekistan and Yemen. Dr. Cole has participated in more than 40 international missions to these countries to assist in the development of stress tests, financial stability indicators, and off-site monitoring systems for commercial banks and other financial institutions. During August 2008 and May 2009, Dr. Cole was a visiting scholar at the Federal Deposit Insurance Corporation (FDIC) in Washington, DC.
Dr. Cole has published peer-reviewed articles in top academic journals that include the Journal of Finance, the Journal of Financial Economics, the Journal of Financial and Quantitative Analysis, the Journal of Banking and Finance, the Journal of Real Estate Finance and Economics and Real Estate Economics. His primary areas of research are commercial banking, corporate governance, financial institutions, real estate and small-business finance. Most of his manuscripts are available for free download from the Social Science Research Network (SSRN), where he is ranked in the top 0.5% of more than 200,000 researchers worldwide. According to Google Scholar, his research has been cited more than 3,700 times by other scholars.
In early 2009, Dr. Cole drafted an action plan for rescuing the economy from the ongoing housing crisis--the Housing Asset Relief Program. This program would target delinquent residential mortgages with three goals: (1) Keep six million families out of foreclosure and in their homes; (2) recapitalize the banking system by removing delinquent mortgages and home equity lines of credit from bank balance sheets; and (3) stablize the credit markets by eliminating the delinquent mortgages that have toxified mortgage-related securities.
List of the worst banks in the U.S. Is your bank about to fail? Check here:
Worst 200 Banks as of 2011-Q4
Recent Conference Presentations:
My Recent Media Appearances:
New York Times (Oct.08, 2013): The Guarantee That Banks May Fear to Invoke
American Banker (Oct. 07, 2013: Buried in the Fine Print: $57 B of FHA Loans Big Banks May Have to Eat
New York Times (Aug.02, 2013): Barclays, Caught Short, Is Now in a Bind
New York Times (May 01, 2013: Banks Ease Capital Cost of Loans to Brokers
New York Times (Mar.08, 2013): Banks Pass Fed’s Tests; Critics Say It Was Easy
Huffington Post (Mar. 07, 2013): Most Banks Pass Federal Reserve's 2013 Stress Tests
Marketplace.org (Mar. 07, 2013): Stressed out? Banks get the Fed's diagnosis
CreditCards.Com (Jan. 30, 2013): As Long As Unemployment Is High, Rates Will Remain Ultra Low
The Street (Jan. 18, 2013): What Really Spurs Small-Business Lending
Huffington Post (Jan. 18, 2013): 3 Reasons to Assess Your Trade Partners' Financials
Accounting Today (Jan. 07, 2013): 3 Reasons to Assess Your Trade Partners' Financials
Yahoo Finance (Dec. 12, 2012): Fed: Record low rates are here to stay
CNN Money (Nov. 14, 2012): Study: Bank bailout didn't boost small business lending
Black Enterprise (Nov. 12, 2012): Government Bailouts Helped Banks, Not Small Businesses
Bloomberg Businessweek (Nov. 08, 2012): TARP Verdict: Bailouts Failed to Help Small Business
Accounting Today (Nov. 08, 2012): Four Companies That Need a Credit Check
Yahoo Finance (Oct. 05, 2012): Consumer Credit Card Balance Rises
Yahoo Finance (Sep. 13, 2012): Fed: No Rate Hikes Until At least 2015
Voice of America News (Sep. 11, 2012): Central Bank to Weigh Further Stimulus Measures
Voice of America News (Sep. 07, 2012): Weak US Employment Report Could Force Central Bank Action
Yahoo Finance (Sep. 05, 2012): Libor, the federal funds rate and the US prime rate: A primer
PBS Nightly Business Report (Jul.11, 2012): Fed's Role with LIBOR
WTTW Chicago Tonight (Jun.12, 2012): Fed: Recession Shrank Wealth 40%
Bloomberg News (Apr.18, 2012): Bank of America Faces Bad Home-Equity Loans: Mortages
WTTW Chicago Tonight (Apr.10, 2012): The Buffett Rule
New York Times (Mar. 14, 2012): Questions as Banks Increase Dividends
Fox Business News (Feb.10, 2012): Is the Fed Doing Enough To Fix Housing?
The Washington Times (Jan. 27, 2012): Obama's Next Bailout
American Banker (Nov. 2, 2011): FDIC's Failure Role Larger Than It Likes To Admit
Washington Post (Sep. 20, 2011): Creating Better Banks of America
Bloomberg Businessweek (Sep. 14, 2011): BofA Cuts May Aid PNC As Rivals Challenge Too-Big-To-Fail Firms
CNN Weekday with Brooke Baldwin (Sep. 12, 2011): CNN Weekday: Bank of America Job Cuts
NPR All Things Considered (Sep. 12, 2011): How Bank of America Lost its Balance
Bloomberg Businessweek (Sep. 11, 2011): Moynihan Cedes Top Rank as BofA Disowns "Stupid Business Plan"