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2014 November

A fine tax

November 14th, 2014

Do massive fines perpetuate the problem? Terry Smith recently explained to the FT why he didn’t invest in banks. High leverage and complexity made them too risky. This week we have had (yet another) investigation. This time it’s FX. Incidentally, a market that banks wanted ring fenced from tighter regulation. Bluntly it’s fraud on a […]

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