-
The Virgin Crisis: Systematically Ignoring Fraud as a Systemic Risk
Monday, November 7, 2011 - 3:23am | 2935Read More...One of the most revealing things about this crisis is the unwillingness to investigate whether “accounting control fraud” was a major contributor to the crisis. The refusal to even consider a major role for fraud is facially bizarre. The banking expert James Pierce found that fraud by senior...
-
Horizon Bank Is The First Bank To Fail In 2010
Saturday, January 9, 2010 - 3:17pm | 147Read More...Horizon Bank (NASDAQ: HRZB) has the undesirable distinction of becoming the first American bank failure of the year 2010. The bank's 18 branches were seized by Washington state regulators on Friday. Washington Federal Inc. (NASDAQ: WFSL) quickly moved into acquire the failed bank. Most customers of...
