Magazine : Archives : 3rd Quarter 2009
In Banking, Judgment Counts
Does an experienced banker necessarily make for a good bank director? Citigroup and Bank of America Corp. are about to find out, having bowed to pressure from federal banking regulators to recruit veteran bankers and finance experts to serve as independent directors on their beleaguered boards.Unless you’ve been marooned on Mars without your Blackberry for the last 18 months, you surely know that Citi and Bank of America have been tossed around like flotsam on the angry seas of global finance. Citi reported an $18.7 billion loss in 2008—the direct result of an astonishing $19.2 billion in credit writeoffs. Bank...
Please enter your username and password below. If you have not established a password please click “forgot password”.
You have accessed a resource that is only available to Bank Director magazine subscribers and Bank Services members.
To start a subscription to the top resource for bank leaders, click here.
If you are a Bank Services Member, you can access Bank Director by logging in here or entering your magazine passcode and email in the form on the left.
