The cost of ethics in finance? Priceless

Fresh allegations of benchmark price manipulation suggest financial penalties have done little to deter banks from behaving unscrupulously.

Once again, we have been informed that the world’s leading financial institutions are being investigated for price manipulation.

Hot on the heels of landmark settlements paid by leading financial institutions for manipulating the benchmark Libor interest rates, this time the target is the WM/Reuters benchmark exchange rate.

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