Continental Illinois National Bank and Trust Company

Continental Illinois National Bank

"Too Big to Fail"

The purpose of this work is to show whether or not Continental Illinois rescue and restructuring successful and if so why it was successful. Further using hindsight and consideration of Professor Kaufman's report, this work will attempt to discover if the decision to restructure was justified and explain why or why not. Furthermore, this work will attempt to discover to what extent did the OCC contribute to the management failing of Chairman and CEO, Mr. Roger E. Anderson & the management team of Continental Illinois and what short- and long-term benefits were expected to raise from appointing David Taylor as the new CEO and Edward Bottum as President in the run-up to the restructuring of Continental Illinois. Finally the current status of Continental Illinois will be examined, the main sectors of banking and how these...
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