• Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
Conflicts of Interest: Comptroller's Handbook June 2000

Conflicts of Interest: Comptroller's Handbook June 2000

Paperback

General Reference

ISBN10: 1503308405
ISBN13: 9781503308404
Publisher: Createspace
Published: Dec 31 2014
Pages: 60
Weight: 0.36
Height: 0.12 Width: 8.50 Depth: 11.02
Language: English
A bank that provides asset management services for clients may be required tomanage a variety of actual or potential conflicts of interest. Conflicts ofinterest and self-dealing transactions normally arise whenever the bank's abilityto act exclusively in the best interest of account beneficiaries or clients isimpaired. A fiduciary is required by a long history of case law to put theinterests of account beneficiaries before the interests of the bank. The fiduciaryowes its beneficiaries undivided loyalty and must administer each trust for theexclusive benefit of account beneficiaries and the purposes for which theaccount was created.

Also in

General Reference