Author: Ronan Lyons
In May this year Piotr Bykowski, controlling shareholder in Poland’s Bank Staropolski, tried to escape from prosecutors by jumping from the second-story window of a Poznan court building, breaking an arm and leg and injuring his spine in the process. His bank collapsed with a capital asset ratio of minus 238%, leaving 150,000 bilked depositors in the lap of the Polish Bank Guarantee Fund.
The remarkable thing was that the debacle caused barely a shudder in the Polish banking system.
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