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
