From the category archives:

Barings

The Ghost of Barings Haunts Société Générale, and So Do Its Weaknesses

January 25, 2008

Something has gone fantastically awry in the risk management and oversight of some of the world’s most renowned investment bankers and financial institutions. The shortcomings in their controls and governance systems that permitted multi-billion dollar losses at Citigroup, Merrill Lynch, Bear Stearns, UBS and Swiss Re, and the overall failure of top management and boards [...]

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