Magazine : Archives : 3rd Quarter 2010
Crisis Tales
The financial crisis has had an overwhelming impact on the banking industry. At the end of the first quarter, 775 banks, or more than 10% of all banks in the country, were on the Federal Deposit Insurance Corp.’s problem bank list. The worst may be yet to come.Less talked about are the stories of literally thousands of bank boards that, under closer than ever scrutiny, have taken on greater workloads and commitment levels to confront the crisis’s effects. A handful of boards whose institutions have come out of the chaos looking stronger have seized upon the crisis as a once-in-a-lifetime...
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