Ironically, the bank suffered huge losses in an internal fund set up to hedge its own capital against potential risks. By Zachary Karabell.
Much has been written recently about JP Morgan’s $3B CDS loss and Morgan Stanley’s FacebookIPO debacle. We also have many in Congress and other parts of the government again raising astink about banks “there they go again”. Their an... Read Post
In the last 15 years, nearly all major crises suffered from a breakdown in meaningful internal controls, corporate values and poor leadership. Often, the scale of the crisis - and even the crisis itself - was avoidable if corporate ... Read Post