Everybody's doing it, doing it..Yep, breaking the law, admitting it and paying a hefty fine " to save their skin"! The latest financial casualty is the Royal Bank of Scotland who agreed to the settlement resulting from their role in an interest rate manipulation scheme . Their Japanese subsidiary was actually "thrown under the bus " and pled guilty to criminal wrongdoing .
At the end of the day, will it deter future "lawbreaking " by big banks ? Of course not. Just a drop in the bucket for them. Costs, ultimately passed on to customers, somehow, some way.
Hey, the beat goes on!
Wall Street Reporter Steve Goldman signing off.
Showing posts with label Royal Bank of Scotland. Show all posts
Showing posts with label Royal Bank of Scotland. Show all posts
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