Bank of America's $1.2 Billion Lesson in Owning the Fix
Bank of America had a regulator's order spelling out what to fix and still ended up with a $1.2 billion fine. The gap wasn't knowledge. It was culture, ownership and execution.
The 10-Year Just Hit 5%. Protect Cash, Then Choose.
The 10-year Treasury yield is at its highest level since 2007. That's partly a sign of strength, but it also raises the cost of every bet an organization makes. Leaders should protect cash first, then narrow their focus.