Tuesday's Headlines: Surprises emerge in undergrad business school specialty rankings

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While the Bloomberg BusinessWeek annual undergraduate business school ranking turned out few surprises, a peek into the student-survey based rankings of 139 of the nation's undergrad programs had a few unexpected results.

The article today states: "In the recent ranking, you would assume that Rensselaer Polytechnic's Lally School of Management and Technology, ranked No.43, is a middle-of-the-pack business program. You wouldn't know that the school ranks No.1 in both financial management and corporate strategy. Similarly, the University of South Carolina's Moore School of Business, with an overall rank of 92, is nowhere near the top of the list. But in our 2011 undergraduate specialty ranking, it emerges as a leader in international education, taking the No. 2 rank in that category."

Other news:

The CFTC will charge Goldman with aiding and abetting and civil fraud for adivision for its role as clearing broker for an unnamed SEC-registered broker dealer. [WSJ]

Goldman Sachs lost money in trading on just one day during the Q1, its best record since posting zero days of losses a year ago. [Bloomberg]

The world's largest sovereign wealth funds are gathering in Beijing this week to discuss ways to blunt criticism that their investments are driven by political agendas. [WSJ]

FDIC Chairwoman Sheila Bair plans to step down on July 8 at the end of her five-year term. [NY Times]

Wells Fargo cut the number of regional managers of its wealth management from 12 to seven and rejiggered its reporting lines. [Financial Times]

Goldman Sachs returns to Australia's bond market for the first time since 2006. [BusinessWeek]

REIT Gramercy Capital said lenders mayBloomberg seize 195 properties after it failed to pay off $790 million in loans. [Bloomberg]

At Nos. 15 and 16, BlackRock's Fink and JPMorgan Chase's Dimon are the top financial CEOs in a ranking of highest-paid chiefs. [WSJ]

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