By KARAMJEET PAUL (Published in American Banker Nov. 8, 2013)
Five years ago, the Lehman bankruptcy triggered a crisis of greater scope than any other the modern financial world had seen. Not long ago, people assumed that extreme crises happened once every 100 years. Based upon their frequency over the last 30 years, another crisis may not be far away. Is the financial industry ready for it? (Click here to read more …)