Criminal charges against individuals (though rare) have long been part of the mix, but charging the actual bank entity can have a devastating impact on the comp

Criminal charges against individuals (though rare) have long been part of the mix, but charging the actual bank entity can have a devastating impact on the company and all of its employees. A felony conviction against an organization disqualifies it from many core business activities, and many large corporations have bylaws prohibiting them transacting with such entities. Insurance companies won't underwrite them on certain things or charge higher rates etc. A perfect example of this is Arthur Anderson.