Risk management (51 - 54 of 54 items)
Savings and Loan Crisis: Federal Response to Fraud in Financial Institutions
T-GGD-90-61: Published: Aug 1, 1990. Publicly Released: Aug 1, 1990.
GAO discussed the federal response to fraud in depository institutions. GAO noted that: (1) in the past 4.5 years, 831 banks and 515 thrifts have failed and have been resolved; (2) of the 7,097 financial institution fraud investigations underway, 3,027 were major investigations involving banks', thrifts', and credit unions' potential losses of $100,000 or more; (3) the full cost of insured thrift...
Bank Failures: Independent Audits Needed to Strengthen Internal Control and Bank Management
AFMD-89-25: Published: May 31, 1989. Publicly Released: May 31, 1989.
GAO reviewed recent bank failures, focusing on: (1) the internal weaknesses and environmental factors which examiners cited for insured banks that failed in 1987; (2) the extent to which insider abuse and fraud affected the same failed banks; and (3) potential areas of concern which could be used for congressional oversight and policy deliberation, federal bank examination and supervision, bank ma...
Troubled Thrifts: Bank Board Use of Enforcement Actions
GGD-89-68BR: Published: Apr 13, 1989. Publicly Released: May 5, 1989.
In response to a congressional request, GAO provided preliminary information from its assessment of the Federal Home Loan Bank Board's (FHLBB) enforcement actions against near-failing thrift institutions.GAO found that: (1) FHLBB took no formal enforcement action against over 50 percent of the 424 thrift institutions upon which it focused increased oversight; (2) FHLBB placed thrift institutions i...
Failed Financial Institutions: Reasons, Costs, Remedies, and Unresolved Issues
T-AFMD-89-1: Published: Jan 13, 1989. Publicly Released: Jan 13, 1989.
GAO discussed: (1) characteristics and management practices of failed financial institutions; (2) the Federal Home Loan Bank Board's (FHLBB) recent resolution actions; and (3) actions to prevent the crisis from recurring. GAO found that: (1) in 1987, 203 commercial banks closed at an estimated net cost of $3 billion and, in 1988, the number increased to 221; (2) in 1988, the Federal Savings and Lo...