Trust & Investment Bank Cease & Desist
US Private Bank
- LoBue had undertaken the project and organized a team of LoBue consultant and bank personnel for execution.
- The program was rolled out within five weeks from the start and concluded after five month of execution resulting in completed client information and some discontinued relationships.
- The outside regulatory agency was invited to perform an audit 5 months ahead the next planned yearly “get in compliance audit”.
- The bank passed the external audit and was given permission to resume its new client acquisition and substantial revenue growth.
- A projected resolution of 24 months was accomplished in 5 months and regulatory issues were resolved before 1 year.