Holder asks for review of individual bankers' roles in financial crisis
Attorney General Eric Holder announced Tuesday that he has instructed federal prosecutors across the country to review the actions of individual bank officials for possible criminal or civil charges. Ref. USAToday
Fed cites Bank of America for stress test 'deficiencies,' gets conditional OK; other major U.S. Banks pass
Fed rejects plans for Germany's Deutsche Bank and Spain's Santander. Bank of America, the nation's second largest bank, has to fix the deficiencies spotted by the Fed and submit its capital spending plan in September. Ref. USAToday
Banks hired risk officers to mitigate risk in years before collapse. It didn't go so well. A significant number of national and international American banks hired new Chief Risk Officers to mitigate risk but may have actually helped lead the industry into widespread insolvency, new research suggests. Source 2z.