The clinics will operate as part of a "Plantwise knowledge bank", which is set to begin in June and act as a bio-security early warning system.
All too often, senior bank managers have shown scant understanding of the sorts of risks their traders are running, let alone a knowledge of the bank's controls.
The Chinese bank plans to do more securitization deals in the U.S., as selling off the loans as securities will enable the bank to free up capital to lend more in the U.S. Its goal this year is to originate loans intended for an additional two to three such deals, a person with knowledge of the bank said.
In fact a bank with a leverage ratio of infinity run by individuals with god-like knowledge of the true risks of lending would be safer than a bank run by mortals whose leverage ratio is tiny.
The knowledge and talents required of someone running a bank as huge and complicated as RBS are not possessed by many.
Mr Osborne said the UK did not have prior knowledge of the original plan to impose a bank levy, which would have seen small depositors effectively charged 6.75% of their deposits to fund the bailout.
The lady on the bank board did have that industry knowledge (and also a good sense of humor about how many boards look at the diversity issue).
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Though he faces no public allegation of personal wrongdoing, Mr Yushchenko's first denials that any unorthodox methods had been used, followed by a claim that underlings had run the scheme without his knowledge and then by repeated delays in publishing a detailed audit of the bank's dealings in the period concerned, have all damaged his standing.
Still, as the roadshow concluded early the following week, demand for Facebook IPO shares totaled more than five times the shares available for institutional investors, bank officials with knowledge of the deal say, strong demand for a deal of that size.
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One credit officer in a Chinese bank says that far more important than any aggregate statistic is lenders' intimate knowledge of the thick, extraordinarily rich, slice of buyers who can weather a downturn.
In the Citigroup lawsuit, for example, lawyers needed to show that bank executives acted with scienter, or guilty knowledge, when they loaded the bank up with soon-to-be-worthless derivatives that were a byproduct of their mortgage-backed securities business.
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