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BCCI bank fraud begets silver lining 13 years later
When BCCI, the greatest bank fraud in history, was shut down in 1991, creditors who had placed their money in what was once the world’s fifth largest private bank had little hope of recovering much of the $10 billion they were owed. Liquidators at the time figured they’d be able to recover only 0 to 10 cents on the dollar for the company’s worldwide depositors.

The Economical Insurance Group: Internal audit now part of business strategy
Turnover was high in the internal audit department of The Economical Insurance Group, one of Canada’s largest property and casualty insurers. High performing employees migrated to other departments, while less successful ones moved out. The department was looking for new staff — again.

Leading insurer sees technology results at last
The promise of technology doesn’t always deliver. That’s what one of Canada’s leading property and casualty insurers learned recently, when they engaged contractors to build a broker-facing web portal to ease paperwork traffic. Halfway into the two-year, multi-million program, they found themselves over budget…with no solution in sight. Faced with a decision to pull the plug or salvage the project, the sponsor asked, “Can it be saved? What do we need to do?”

Project Q financial crisis moves lender to reorganize
In the summer of 2001, a major Canadian bank contacted Deloitte for help with a problem account. The bank had loaned Project Q, a company based out of Richmond, BC, $48 US million and was now at risk for its loans.