The privately held bank also is under regulatory pressure to find a buyer after becoming undercapitalized because of its troubled commercial real estate loan portfolio.
Undercapitalized firms can, in the short term, potentially outperform responsible firms by holding less net capital while contributing to systematic risk.
Interviews with dozens of industry experts and insiders over 18 months revealed that moderation practices with global ramifications have been marginalized within major firms, undercapitalized, or even ignored.