The Rise and Fall of South Africa's Fifth Largest Bank (Saambou) (Paperback)

The banking landscape is littered with failures. What is the reason for all these failures? Is it mismanagement of scarce resources? Is it the abortion of corporate governance? Is it sheer ignorance? Is it poor risk management? Is it just one reason or a combination of reasons? Is it management arrogance? Is it sheer stupidity? Is it misuse of power? Is it the abuse of power? Is it greedy? This book will take you through the events that led to the collapse of South Africa's fifth largest bank, Saambou. The flaws in management thinking. The lies, the ignorance of fundamental risk principles and the cheating at the top. The things management should have done but choose to ignore. The lessons from the collapse of Saambou Bank. The lessons for risk managers and bankers out there. The case studies from other international failures and a lot more.