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More than Just a Slap on the Wrist

This is what happens when investment bankers are more interested in profits than their customers. The good news is that eventually these companies do get caught and it means more than just a slap on the wrist. Barclays has agreed to settle three sets of violations that resulted in clients being overbilled by nearly $50 million. The company must pay a $30 million penalty – ouch. Read more about this here.

 

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Categories: News