Originally posted by beet1e
I banked with Lloyds (not the same company as Lloyds of London), and over here, banks simply do not go belly up.
Liar!
Nick Leeson.
Barings Bank.
SIMEX.
88888 account.
I read his book. Good stuff. I see a lot of that same sort of matrix-managerial style in my current company, and its a scary thing to behold, particularly when after reading Leeson's book about how he broke the bank and how his cover-up was aided by his direct managers in Japan, Singapore, and England.
Its a good thing there was a Dutch bank around to scoop up the carcass of one of England's oldest private banks.
Other than that - interesting assessment in your post about how things are done here and over there.
