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Because they have a fiduciary duty to their depositors, not themselves. If you control a bank, you make sure that every cent is where it's supposed to be, and t
by m00x 4y ago
Because they have a fiduciary duty to their depositors, not themselves. If you control a bank, you make sure that every cent is where it's supposed to be, and that your customers are taken care of first.
- suddenclarity 4y agoNaturally and I doubt anyone would argue otherwise. My point being that OPs comment, about the size of a rounding error was the real reason for the bank going bust, seems highly unlikely.