The Traderszone Network

Published in TZ Latest News 22 May, 2015 by The TZ Newswire Staff

Misconduct bill tops $235 billion as banks struggle to shake off past sins

Twenty of the world’s biggest banks have paid more than $235 billion (150 billion pounds) in fines and compensation in the last seven years for a litany of misdeeds that has scarred the industry and is delaying its rehabilitation. The misconduct bill is expected to rise by tens of billions more dollars, and many politicians, regulators and industry observers said more needs to be done to deter wrongdoing.

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