Lloyds Proves Once Again Fines Have Little Impact On Banks

Remember all the talk inside and outside the US Department of Justice that charging – and even investigating – big banks for criminal fraud might damage their stock prices?  A former DoJ criminal division chief was said to have lost his job due to two interviews where he admitted that investigations into fraud were blocked and certain big banks were in fact too big to prosecute?

Market looks at fraud charges with a yawn

Those strange policy guidelines are proven as bunk by the stock prices of several banks faced with...