This week, five Wall Street banks pleaded guilty to felony charges related to interest rate rigging and foreign exchange manipulation. The guilty pleas mean the banks are literally felons, and it's a distinct shift in the way law enforcement has dealt with Wall Street in the past. Lawsuits and legal fees are nothing new for the banks: since the financial crisis, they have essentially become the cost of doing business on Wall Street.
Similar Stories to Five Global Banks Just Proved That No One Can Stop Wall Street From Breaking The Law on Bing News
Portia Crowe, Business Insider
Sat, 05/23/2015 - 3:30am
Topics: unlikely to see also: interbank offered rate citicorp america peter henning wayne state university sec commissioner kara stein that labaton sucharow notre dame it's ok jamie dimon barclays ceo antony jenkins now watch what they found inside a forgotten wall time capsule wall street bank barclays or jpmorgan rbs ubs henning university ceo law criminal paying traders charges billion guilty waivers cost week business civil legal study felonies securities caught bad employees loans financial crisis money aint manipulated interest penalty fees single conduct fines individual crimes individuals label promise care matter punishments ethics
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