AMEX has done the impossible – it has eclipsed CapitalOne as the laziest and/or stupidest financial services company in the US. How you might ask? The short answer is: refusing to process as "suspicious" a $ 250 donation to The National Health Law Program.  As described on its web site, "NHeLP protects and advances

Howard Sklar is a former prosecutor and now a compliance specialist, and put out a brief but interesting new article on the reasons behind the increasing corporate risks of getting caught, or at least publicized.   I share his conclusion that the risks are increasing.  He frames the topic as follows: 

"So the question “will

Especially in these times of economic uncertainty,  the global finance industry does not needs the LIBOR fraud debacle. But it’s very real, very in the news, and very hard on industry credibility, as illustrated in various ways here and here. As a result, even the Economist is talking about the LIBOR debacle in extreme

Reputation risk arises in many ways, including sharing trade names and trademarks.  An example arises from the widespread news of the Italian criminal convictions of senior officials of Eternit entities. Feeling pressured by that news, Eternit Brazil issued the following press release.


RESS RELEASE

Feb. 17, 2012, 1:31 p.m. EST

Clarifications From the Brazilian

Here’s a story of short-term gain creating a lousy reputation. A Winston-Salem hospital (N.C. Baptist Hospital) is about to start paying off in a class action because it over-charged its employees for health-care insurance premiums. How? The health care was provided by a plan owned by Baptist and another hospital. The hospital charged its employees