B-School Noir ยท BN-002
She Managed ยฃ4.2 Billion When The Spread Widened. She Had Reported The Risk. She Watched On TV.
On August 9, 2007, BNP Paribas suspended withdrawals, triggering a liquidity crisis that Pinnacle Northern could not withstand. I watched on television as customers withdrew their savings, unaware of the risk I had flagged.
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