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                    [Title] => Banks to share losses for bankruptcies?
                    [Summary] => Up until Enron, the big international banks had nothing to lose. They don’t have to do careful due diligence before granting large loans because by the time a large client goes under, they had already collected their fat fees. The banks also somehow manage to be first in line to get paid when the assets are divided or the firm is rehabilitated. 


Strangely enough, no one asks whether the bank should bear part of the loss for bad credit judgment. Or worse, think that the bank was part of a conspiracy that helped in the firm’s collapse. 


                    [DatePublished] => 2004-08-13 00:00:00
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                    [AuthorID] => 1804837
                    [AuthorName] => Boo Chanco
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BANCA INTESA

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                    [Title] => Banks to share losses for bankruptcies?
                    [Summary] => Up until Enron, the big international banks had nothing to lose. They don’t have to do careful due diligence before granting large loans because by the time a large client goes under, they had already collected their fat fees. The banks also somehow manage to be first in line to get paid when the assets are divided or the firm is rehabilitated. 


Strangely enough, no one asks whether the bank should bear part of the loss for bad credit judgment. Or worse, think that the bank was part of a conspiracy that helped in the firm’s collapse. 


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abtest

Banks to share losses for bankruptcies?

By Boo Chanco | August 13, 2004 - 12:00am

Up until Enron, the big international banks had nothing to lose. They don’t have to do careful due diligence before granting large loans because by the time a large client goes under, they had already collected...

Business