Remember all the talk inside and outside the US Department of Justice that charging – and even investigating – big banks for criminal fraud might damage their stock prices? A former DoJ criminal division chief was said to have lost his job due to two interviews where he admitted that investigations into fraud were blocked and certain big banks were in fact too big to prosecute? Market looks at fraud charges with a yawn Those strange policy guidelines are proven as bunk by the stock prices of several banks faced with public admissions of common criminal fraud. As a recent…
Lloyds Proves Once Again Fines Have Little Impact On Banks
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.