Mr Riese reckons that the bank's initial shift to a decentralised model was helped by the fact that lending growth was very tightly regulated in Sweden at that time.
And we ended the night by choosing between 312, 120 possible combinations at the Burger, on Sunset Boulevard, and getting a cookie ice cream sandwich at Diddy Riese in Westwood, right near the UCLA campus.
Ulf Riese, the bank's chief financial officer, says 30% of credit losses can be traced to the initial decision to extend credit but 70% come from changes in borrowers' circumstances and the way banks respond to them.