Lloyds Lacking Risk Controls? Weisel's Armstrong Ties Questioned, and More News of the Week

Lloyds Bank, following a few systems failures in 2012, is facing accusations from a former executive that risk controls are lacking, while Thomas Weisel is under scrutiny for ties to Lance Armstrong, HSBC can't get away from its money laundering settlement and "genius" trader risk top this weeks chatter in the press and on Twitter.
January 18, 2013


2. Lloyd's Business Continuity Problems?

There has been an underinvestment in core systems over the past few years, as the banks have been focused on the euro crisis and credit crisis. The big back-end systems have not really been touched.

— Nicholas Brewer, senior analyst, Aite Group

Source: Banktech.com: Lloyds Whistleblower Says Bank's Business Continuity Plan is Flawed

Wall Street & Technology encourages readers to engage in spirited, healthy debate, including taking us to task. However, Wall Street & Technology moderates all comments posted to our site, and reserves the right to modify or remove any content that it determines to be derogatory, offensive, inflammatory, vulgar, irrelevant/off-topic, racist or obvious marketing/SPAM. Wall Street & Technology further reserves the right to disable the profile of any commenter participating in said activities.

 
Disqus Tips To upload an avatar photo, first complete your Disqus profile. | Please read our commenting policy.
 
< Previous1 2 3 4 5 6 7 Next > 

< Previous1 2 3 4 5 6 7 Next >