Right out of college with my shiny new BBA kacctg and finance) I got my first job with the FDIC. I was in large bank investigations. Grunt for the investigators on the First RepublicBank failure. It was a tremendous learning experience. What I saw going thru the records so a case could be built was frightening.
Frost is a Texas chartered bank, founded in 1868. Something to be said for longevity.
The FDIC can directly govern banks to $10 billion in assets.
That means many smaller town banks default to them, unless “Federal” is in their name.
It was a tremendous learning experience. What I saw going thru the records so a case could be built was frightening.
what does this mean?