Why sky-high fines have ‘zero impact on a bank’s bottom line’
By David SilvermanJanuary 4, 2024
Banks have been fined more than $360bn since 2000. But what if I told you those sky-high fines had zero impact on banks’ bottom line or — the holiest of metrics — their stock performance?
You might assume that banks have been getting away lightly. But if we ...
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