An Enron moment –– def. when an accounting ploy to offload toxic assets to an unconsolidated LLC backfires. The Bancorp’s Continuing Problems The Bancorp (NASDAQ: TBBK) is a publicly-held Philadelphia regional bank with a diversified loan portfolio, but also known for being one of largest issuers of reloadable prepaid debit and gift cards in the …
Continue reading “The Bancorp Is Having An “Enron Moment” With Its Unconsolidated LLC”