Tide to turn in favour of the whistle-blower
- Whistleblower Program. Hood, Bill // ABA Banking Journal;May2004, Vol. 96 Issue 5, p61
Emphasizes the importance for a bank to have a method for employees to communicate suspected improper or illegal acts to the Board of Directors.
- Bank of N.Y. Fails To Get Suit Dropped. // American Banker;11/29/2000, Vol. 165 Issue 228, p4
Reveals that Bank of New York Co. has lost a bid to dismiss a shareholder lawsuit alleging that 19 of its senior executives allowed the company to launder money as it expanded in Russia. Reaction by the company to the suit; Allegations made in the suit; Admission by former employee Lucy Edwards...
- Stink in the Creditanstalt. // Time;
The article explores the illegal currency deals involving the Creditanstalt bank in Austria in 1952. Under the ownership of Austria's wealthiest man Joseph Joham, the bank struck questionable and large deals with satellite traders in Russia. The Austrian government officials hired a U.S....
- Deterring Fraud When It's an "Inside Job" Knapshaefer, Johanna // Community Banker;Jun2004, Vol. 13 Issue 6, p42
Discusses bank frauds executed by bank employees. Comparison between insider fraud losses and customer fraud losses; Variety of frauds involving a bank insider; Ways to prevent internal fraud.
- Other People's Money. Flynn, John T. // New Republic;1/10/34, Vol. 77 Issue 997, p251
Discusses problems with the application of the holding-company device to banking by focusing on the case of Detroit, Michigan-based Guardian Detroit Union Group, owners of several banks. Increase in deficit of Guardian during the last four years; Plan of the Group behind omission of the dismal...
- Jury Acquits Two Bankers Trust Execs. // American Banker;11/14/2000, Vol. 165 Issue 219, p20
Reveals that two former executives of Bankers Trust Corp. were acquitted of all charges in relation to their alleged involvement in a scheme that diverted $15.5 million of unclaimed customer funds to boost the bank's financial performance. The guilty plea that Bankers Trust has entered in...
- Fraud is Rising, But Victims, Banks are Fighting It. Sraeel, Holly // Bank Technology News;Oct2004, Vol. 17 Issue 10, p8
The article focuses on the commercial frauds in banking industry. Customers are facing frustrations when they became victims of fraud, and bank employees often exacerbate these situations because they are unclear on their company's fraud and identity-theft policy. This is by no means an...
- Eliminating Terror Financing from Banks. // Defence Journal;Nov2015, Vol. 19 Issue 4, p63
The article discusses ways for eliminating corruption in national commercial banks in Pakistan. Topics include the efforts of the National Accountability Bureau (NAB) to eliminate corruption practices in financial institutions, the lack of adequate monitoring and due analysis by audit firms, and...
- What's wrong with our banking system? Meigs, A.J.; Goodman, J.C. // Consumers' Research Magazine;Mar1991, Vol. 74 Issue 3, p11
Examines how hundreds of savings and loans have gone bankrupt in less than a decade. Why taxpayers are liable for the current crisis; Basic causes of crisis; Federal deposit insurance system; How government made things worse; Is deposit insurance necessary?