TITLE

The coming bank scandal

AUTHOR(S)

Spring, Tom

PUB. DATE

November 1993

SOURCE

USA Today Magazine;Nov93, Vol. 122 Issue 2582, p16

SOURCE TYPE

Periodical

DOC. TYPE

Article

ABSTRACT

Discusses Edward Kane's warning of an impending disaster in the banking industry. Previous warning about the crisis in the savings and loan industry; Total assets of American banks; Bank regulators and managers' failure to properly account for their losses; Regulators' conflict of interest; Proposal for electronic auditing; Requiring private insurance companies to co-insure deposit accounts; Need for banking reforms.

ACCESSION #

9402182992

Tags: KANE, Edward;  BANKING industry;  FORECASTING

 

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