Eric Schneiderman Re-elected Attorney General of New York

Jon Lewin Archive

Banks’ Cycle of Misbehavior

The latest round of global banks’ taking reserves for investigations into manipulation of foreign exchange rates calls to mind Ronald Reagan’s famous retort in a debate: “There you go again.” It seems to be a never-ending refrain: Misconduct by traders and bankers is uncovered, ...Read More

Goldman ban prompts Citigroup review

Citigroup will review its conflict-of-interest policy for investment bankers after Goldman Sachs Group Inc. barred some employees from owning individual securities, said a person with direct knowledge of the matter. Bloomberg News reports that executives at Citigroup still regard its less-restrictive policy as strong enough to prevent conflicts, ...Read More

Is Glass-Steagall Overrated?

In 1999, the Glass-Steagall Act was repealed. Glass-Steagall, which dated back to the Depression, barred commercial banks from involvement with in investment banking activities.  Some people believe that if Glass-Steagall had still been in effect, the 2008 financial crisis would have been averted. Dealbook’s ...Read More
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