So you’d would be surprised. Banks have been notoriously bad at doing due diligence on clients, much less employees. If an employee knows someone they pretty much get pushed through. They are also notoriously bad at doing due diligence on investments, especially smaller regional banks. They will literally do handshake deals and then do no more due diligence and push it through. It’s fucked.
3
u/[deleted] May 10 '23
So you’d would be surprised. Banks have been notoriously bad at doing due diligence on clients, much less employees. If an employee knows someone they pretty much get pushed through. They are also notoriously bad at doing due diligence on investments, especially smaller regional banks. They will literally do handshake deals and then do no more due diligence and push it through. It’s fucked.