CFO notes in an article based on an interview with Ilya Strebulaev, an associate finance professor at the Stanford Graduate School of Business, that the next inevitable collapse of the financial system would be different from the events following the collapse of Lehman Brothers, it would have some similarities.
According to CFO, Strebulaev says because the system hasn’t been strengthened enough by rule-makers in the wake of the Great Recession, it won’t be able to withstand a cataclysm.
CFO said Strebulaev notes three basic sources of weakness which includes misguided bank corporate governance that has aligned the incentives of managers “such that they prefer to risk or to gamble.”
To read the full CFO.com article, click here.
No tags available
According to recent industry insight from research firm Frost & Sullivan, leasing companies will capture more business in the Class 8 truck market over the next six years. Access to advanced business analytic software, new truck technologies that offer reductions... read more
The equipment leasing and financing industry is on more solid footing since the U.S. recession ended in 2009. While business may not be as robust as it was prior to the economic downturn, it has certainly improved for the respective... read more