TITLE

Short-Term Cost-Trimming Measures Are Not Enough to Turn a Bank Around

AUTHOR(S)
Garrett, Joe
PUB. DATE
March 2001
SOURCE
American Banker;3/2/2001, Vol. 166 Issue 42, p13
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Contends that using short-term cost-trimming measures are not enough to overturn the problems of an ailing bank. Lessons learned from the savings and loans fiasco in the mid-1980s; Need for banks to develop realistic expectations; Importance of cooperation between the bank's board of directors and the chief executive officer.
ACCESSION #
4173359

 

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