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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: TobagoJack who wrote (108976)12/16/2014 2:42:04 AM
From: Haim R. Branisteanu2 Recommendations

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Elroy Jetson
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  Respond to of 218962
 
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.