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


5. Lance and Thomas Weisel

We have to first hear Lance's story, then they can ask Weisel and others who facilitated the racing and were part of this milieu, what part did you play? Did you ask questions? Was the doping going on apparent to you?

— Jim Balassone, director of the business ethics program at San Clara University

Source: Silicon Valley Legend Thomas Weisel Entangled in Lance Armstrong's Problems



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