Robert Pasley's Anatomy of a Banking Scandal: The Keystone Bank PDF

By Robert Pasley

ISBN-10: 1412862795

ISBN-13: 9781412862790

ISBN-10: 1412863341

ISBN-13: 9781412863346

within the early Nineteen Nineties, the 1st nationwide financial institution of Keystone in West Virginia all started purchasing and securitizing subprime mortgages from everywhere in the state, and fast grew from a tiny financial institution with simply $100 million in resources to over $1.1 billion. for 3 years, it used to be indexed because the such a lot ecocnomic huge group financial institution within the nation. It was once all a fraud. all the securitization offers the financial institution entered into misplaced cash. to conceal that truth, financial institution insiders all started cooking the books, and concealing that they have been additionally embezzling thousands of bucks from the financial institution. This used to be all hidden from the bank's legal professionals and auditors, federal financial institution examiners, or even the board of administrators of the financial institution. to maintain the examiners at bay, the financial institution insiders did every thing attainable to prevent giving them entry to files they have been entitled to work out, records they knew may sink their scheme. the pinnacle of the financial institution even went as far as to bury 4 huge truckloads of records in a ditch on her ranch.

Robert S. Pasley explores the failure of the 1st nationwide financial institution of Keystone, the intrigue concerned, and the teachings which can were learned?and nonetheless should be learned?about how banks function, how federal banking regulators supervise monetary associations, how corporations engage with each other, and the way such disasters might be shunned within the future.

Show description

Read or Download Anatomy of a Banking Scandal: The Keystone Bank Failure-Harbinger of the 2008 Financial Crisis PDF

Similar banks & banking books

Read e-book online Innovation and the Future Proof Bank: A Practical Guide to PDF

Innovation, the conversion of the recent to enterprise as traditional, is a truly precise company strategy. it's the enterprise procedure in a position to reprogram all others. growing the practices that make this procedure paintings is a key problem for all in monetary companies which are apprehensive approximately responding to the long run.

Download PDF by Katharina Zander: Beschwerdemanagement in der Bankwirtschaft (German Edition)

Studienarbeit aus dem Jahr 2010 im Fachbereich BWL - financial institution, Börse, Versicherung, word: 1,3, Hochschule für Technik, Wirtschaft und Kultur Leipzig, Sprache: Deutsch, summary: In der Zeit des umfassenden globalen Wettbewerbs, der ebenfalls den Finanzdienstleistungsbereich betrifft, sind Mehrbankenverbindungen keine Ausnahme mehr.

New PDF release: Die wichtigsten Antworten für Anleger: Die fünf

Als Wallstreet-Veteran Gordon S. Murray seinem guten Freund und Investmentberater Dan C. Goldie gestand, dass er nur noch sechs Monate zu leben hatte, fragte dieser: »Wirst du jetzt das Buch schreiben, das du schon immer schreiben wolltest? «. Die Antwort darauf fiel Murray nicht schwer: Natürlich wollte er und machte sich an die Arbeit.

Download e-book for iPad: Evolving Roles of Sovereign Wealth Managers After the by Bernard Lee

Prof Bernard Lee talks approximately his newest titleConsider those phenomena:Savers at surplus international locations are frequently “penalized” through astronomical buyer costs, whereas spenders at debtor international locations get pleasure from cut price basement prices;Silicon Valley remains to be the worldwide chief in R&D and innovation regardless of chaos in public finance; andSurplus international locations fear approximately conserving probably valueless IOUs issued via elected debtor governments.

Additional resources for Anatomy of a Banking Scandal: The Keystone Bank Failure-Harbinger of the 2008 Financial Crisis

Sample text

Download PDF sample

Anatomy of a Banking Scandal: The Keystone Bank Failure-Harbinger of the 2008 Financial Crisis by Robert Pasley

by Donald

Rated 4.06 of 5 – based on 37 votes