OCC Testimony Focuses On Banking Op Risk

NEW YORK--Bank failures in the U.S. are at low levels, and are unlikely to increase significantly in 2000, according to John D. Hawke, Comptroller of the Currency. But the failures that are occurring are due to operational and management failures rather than financial weakness.

Hawke was testifying before the Committee on Banking and Financial Services of the U.S. House of Representatives on 8 February on behalf of the Office of the Comptroller of the Currency (OCC). He said there were three

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