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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 411.50+0.6%Jan 8 4:00 PM EST

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Elroy Jetson
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To: TobagoJack who wrote (108976)12/16/2014 2:42:04 AM
From: Haim R. Branisteanu2 Recommendations   of 219143
 
ft.com
Bankers, like alcoholics, must first admit they have a problem
Philip Augar Author alerts

The temptation to circumvent the rules might prove irresistible, writes Philip Augar


They really can’t help it, can they? Like alcoholics in a liquor store, the investment banks cannot resist an illicit swig whenever they think nobody is looking. That is the conclusion from the fines imposed on 10 US investment banks last week for breaking the rules designed to manage conflicts of interest in initial public offerings.
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