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.
Like Mr Kerviel, who used his knowledge of the bank's plumbing to create fictitious trades to cover his tracks, Mr Adoboli is alleged by sources close to an internal investigation of the affair to have bet the bank's money on the future price of various stock indices and to have then hidden these moves by creating offsetting fake transactions.
From 1996 to 2000, Steve was the Program Director, Knowledge Management at the World Bank where he spearheaded the organizational knowledge sharing program.
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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Deputy KRISTINE JONES (Cook County Eviction Unit): What you have happen a lot of times with homes is - even with apartment buildings - is the mortgage holder, the owner of the actual property, is the only person who's notified, because he's the only person that the bank has knowledge of.
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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"We're getting a lot closer to the nirvana of one-to-one marketing, " says Robert Deangelis, head of the bank's enterprise knowledge group.
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 challenge I face as a small business owner, therefore, is how can I give my staff access to knowledge and new ideas without breaking the bank by, say, sending them all over the world to attend conferences and the like?
The knowledge and talents required of someone running a bank as huge and complicated as RBS are not possessed by many.
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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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.
Yet The Economist has established that several former senior managers with detailed knowledge of the affair were not interviewed by the bank.
Born into humble circumstances in Scotland, this onetime bank clerk and schoolteacher had the amazing knowledge, perspicacity and stick-to-itiveness to organize the undertaking and push it on an irrevocable course to completion.
One concern is that the bank has lost too much of the tacit knowledge of the workings of the financial-services industry needed to be a good all-round regulator.
But in practice, the knowledge problem and public-choice problems make such an ideal bank an illusion.
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The selection process puts socially defined characteristics, such as the outsized reputation of an executive like Mr Dimon, ahead of relevant practical skills and experience (Mr Dimon had little knowledge of retail banking or credit-card operations, two of Bank One's biggest and, in the second case, most problematic businesses).
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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.
The Bank of Italy defended its role in supervising Italian banks, denying knowledge of the trades.
Such questions--and the knowledge that many other banks are not asking them--combine to keep the bank's risk managers awake at night.
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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.
This knowledge gap is referred to in the marketplace as information asymmetry and it is money in the bank (literally) for an organization that is willing and able to trade ahead of other market participants, its own clients included.
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