Which of the following is not an example of a securities firm that experienced financial problems as a result of taking on excessive risk when engaging in proprietary trading?
A) Washington Mutual
B) Société Générale
C) Bear Stearns
D) Barings Bank

Question

Quizplus · Accepted Answer

Washington Mutual was a savings and loan institution that primarily engaged in traditional banking activities, such as mortgage lending and deposit-taking. It did not engage in proprietary trading, so it did not experience financial problems due to taking on excessive risk in this area. The other three choices all experienced financial problems related to proprietary trading.

Which of the Following Is Not an Example of a Securities