Gulf Bank: Re-Building a Bank
(7 pages of text)
In December 2009, about a year after it suffered a crisis when clients walked away from massive derivative losses, Gulf Bank’s new CEO is trying to change the governance and operation of Gulf Bank. This case focuses on a turnaround situation and provides students with insight into evolving corporate governance standards in Kuwait. After assessing the situation that the CEO faces, students have to decide what change he should pursue and how he should carry it out. From a broad industry governance perspective, students can examine the state of banking regulation and oversight in Kuwait and suggest ways that corporate governance can be strengthened.
There are several topics that can be discussed with this case:
- What structures/mechanisms could have prevented the crisis at Gulf Bank?
- What was the impact of the government bailout at Gulf Bank?
- What can be done to lower the risk of bank crises in the future?
Finance and Insurance
Kuwait, Large, 2011
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