4 ms·
City of London practices on trial in Bonn
- banjo_milkman 7y agoThis is horrifying. Similar practices in the City of London led to the 2009 financial crisis by eroding standards/regulation everywhere as described by Adam Tooze in Crashed. Some additional info here in Danish: https://www.dr.dk/nyheder/penge/whistleblower-til-dr-finansfolk-fra-london-oedelaegger-europa#!/ https://www.dr.dk/nyheder/penge/whistleblower-til-dr-finansf...
- zeristor 7y agoWikipedia has a fair bit on this too: https://en.wikipedia.org/wiki/CumEx-Files https://en.wikipedia.org/wiki/CumEx-Files
- Ididntdothis 7y agoUnfortunately there will probably be a slap on the wrist, some lower level employees blamed and some big managers may have to go with dozens of millions of dollars as severance. 2008 was a good example for that, then LIBOR, Wells Fargo, money laundry for drug cartels, emissions cheating, Equifax and more. Corporations have transcended the law.
- deleted 7y ago[deleted]