JPMorgan Chase had a bird's-eye view of Jon Corzine's brokerage - and a history with its compliance chief. The bank must have at least a clue about the missing $1.6 billion.
There is a new breed of credit union that hardly resembles the variety that first inspired the industry's tax exemption. This new breed is not satisfied making small business loans.
There's an assumption is that investing in branch remodels is simply a cost of doing business. But many banks are not using three easy strategies to realize significant returns on that investment.
For more than a decade, banks have encouraged all retailers to have their customers sign for their debit card purchases instead of entering a PIN. The signature system is far more prone to fraud.
Bankers should take these red flags into account when assessing corporate credit and vendor risk. No. 1 on the list: when a company's chairman and CEO are the same individual.
The federal government could prohibit contracts to corporations that use a CPA firm that fails to follow generally accepted accounting principles or lacks independence from management.
