Michael S. Barr: “We definitely want innovation in our banking system. Innovation has been critical to having a thriving financial sector…”

The bank did respond to regulator citations but those responses were insufficient.

Yes, I do think that bank mismanagement was at the core of this.

I want to know what the bank executives were doing in the months, weeks, and days leading up to this failure.

FinCEN, and Treasury, should be following the money in these areas to expose the relationships between the cartels and the illicit financing.