Douglas Manditch expects regulatory costs to increase for Empire National Bank, the $455 million-asset bank in Islandia, N.Y., that he is chairman and chief executive of. History suggests he is right. In 2011, Empire allocated 13 percent of its revenue to compliance and governance. A year later, it was 16 percent. read entire article… Source: TriNovus.
September 12, 2013
ARTICLES, Banking & Finance