Barr said the bank was a “textbook case of mismanagement.” And its government minders were well aware it had serious problems. In 2021, the supervisors found issues with its liquidity management, and in 2022, they determined an array of problems with board oversight, risk management and internal auditing, Barr said. That summer, they dropped the bank’s management and governance ratings to alarm-bell levels, subjecting it to growth restrictions.
‘AI-Agents Will Do Crypto Transactions’: Arif Khan on the Future of Crypto-AI
Alethea CEO Arif Khan, a speaker on the AI Stage at Consensus 2024, says we’ll soon be automating daily tasks...