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2 Comments
National City Corp. Story Unlikely to Have Happy Ending [view article]
Hey User 179809, you have obviously never been an Internal Auditor at a bank, or any other Corporation for that matter. Internal Auditor's don't set the business model for the company, such as what the underwriting guidelines are for a loan in your example, that is done by the Executive Management - Internal Audit's role is to audit the policies and procedures set in place by Management. You should try to have, at the least, an elementary understanding of a Corporate job title before you make unsubstantiated claims such as this one. Apr 18 01:46 PMNational City Corp. Story Unlikely to Have Happy Ending [view article]
Last time I checked, An infusion of 4 billion into a company that has a market cap of 5 billion would not result in a minority interest. If someone is going to offer up 4 billion for a stake of the company, there won't be any talk of "infusion," talk will be of a buyout. Apr 18 01:21 PM