Financial Services: Is The Industry Mending Its Ways?
In recent years, financial services companies, and more often, banks, have been in the news for mostly the wrong reasons. Gaming the system in LIBOR, laundering money for the Iranians, misrepresenting mortgages, mis-selling insurance, rogue or ‘whale’ trading, questionable foreclosures, assisting tax-dodgers, hedge funds embroiled in insider trading – the list of shenanigans goes on.