The Traderszone Network

Published in TZ Latest News 21 May, 2015 by The TZ Newswire Staff

Bank Settlements Are Significant for Their Guilty Pleas: View

Five of the biggest banks in the world pleaded guilty Wednesday to criminal charges and essentially admitted they defrauded their customers. What’s significant about this settlement is that it marks the end of the practice of allowing banks to neither admit nor deny wrongdoing.