What is Regions Bank doing about the problem?
I am not sure. But here is a quote from Chris Jones taken from Exhibit “P”; Both George [Buchanan] and Brett [Couch] are well aware of business banking fraud. I had many heated debates with them about the issues. … Throw Tom Neely in there as well. I discussed business banking fraud with him until I was blue in the face… Sales force cheating/fraud/data anamoly was typically perpetrated by sales agents, branch managers, business bankers, city presidents, general sales managers. As always, direction for such fraud usually flowed down hill from the chain of command. Thus city presidents and general sales managers would get pressure from area executives. City presidents and general sales managers would then dissimate bad practices to the branch managers. The branch managers would then encourage their sales agents to commit the bad habits. Collectively they are the sales force. Some are managers, and others are directly responsible for sales to customers. Chris Jones quote from Exhibit
