The Traderszone Network

Published in TZ Latest News 2 December, 2014 by The TZ Newswire Staff

UK Regulator Shocked That Slapping Banker Wrists Achieves Nothing

Not a quarter passes without a bank announcing, as part of its earning statement, that – it just so happens – it has incurred a few hundreds million (or billion) in legal fees, expenses and charges for breaking the law and manipulating this market or that (recall that for banks “Crime Is Now An Ordinary Course Of Business“), but it’s ok, because it is a one-time, non-recurring thing, so please exclude it from the EPS calculation….

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