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Expert Analysis

Improving Bank Culture: It's About More Than Bad Apples

Law360, New York ( December 7, 2015, 10:33 AM EST) -- The U.S. Federal Reserve again expressed concerns about the culture at financial institutions last month.[1] This has been a recurring theme since the financial crisis, as regulators in the U.S. and abroad have hit industry players with steep fines for employee misconduct. Since 2008, the largest global banks have cumulatively paid out over $300 billion in fines, with U.S. banks paying about half of that amount....

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