The has released its highly-anticipated report on , finding the lender failed due to a combination of extremely poor bank management, weakened regulations and lax government supervision.The also noted that the ease of mobile banking, combined with the rapid spread of information through social media, 'may have fundamentally changed the speed of bank runs' and contributed to the bank's spectacular implosion.The scathing report, authored by Federal Reserve staff and Michael Barr, the Fed's vice chair for supervision, takes a critical look at what the Fed missed as ballooned in size in the years leading up to its collapse.
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