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2min chapter
S8 E10: Bank Nerd Corner: Why "FBO" is Out & Fintech Custody Accounts Are In, Rate Cut Buzz, and the FDIC’s New Rule
Fintech Takes
Challenges of Daily Reconciliation in Banking Partnerships
This chapter explores the difficulties banks face in achieving accurate financial reporting and daily reconciliation, particularly within partnerships. It emphasizes the risks of financial discrepancies, the necessity of maintaining proper ledgers, and highlights a historical example of a bank failure related to inadequate financial oversight.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode