Most ambitious financial regulators
know there is one rule to establishing their names: reel in a really,
really big fish on Wall Street, and make them pay, either through
convictions, penalties, or sheer humiliation.
The Royal Bank of Scotland is not this fish. Not only is RBS almost entirely unknown to the American populace, but its alleged crime – fixing inter-bank interest rates years ago – has failed to garner any outrage or surprise from consumers, no matter how appalling the offense.
Read more: http://www.guardian.co.uk/commentisfree/2013/jan/29/regulators-useconomy
The Royal Bank of Scotland is not this fish. Not only is RBS almost entirely unknown to the American populace, but its alleged crime – fixing inter-bank interest rates years ago – has failed to garner any outrage or surprise from consumers, no matter how appalling the offense.
Read more: http://www.guardian.co.uk/commentisfree/2013/jan/29/regulators-useconomy
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