Another day, another multi-billion dollar fine for the big banks and another day of individuals inside those banks responsible for criminal acts damaging the financial system receiving kid glove treatment by government criminal investigators. Not to mention lawsuits for allegedly financing terrorism.
The big bank fine saga
The latest punishment de jour that doled out against big bank shareholders was a $4.3 billion fine levied by U.S., Swiss and U.K. regulators against UBS AG (NYSE:UBS), Royal Bank of Scotland Group PLC (NYSE:RBS) (LON:RBS), HSBC Holdings plc (ADR) (NYSE:HSBC), JPMorgan Chase & Co. (NYSE:JPM), Bank of America Corp (NYSE:BAC) and Citigroup Inc (NYSE:C). Barclays PLC...
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