Morning Scan: Lawsky's Next Act; Will Forex Fines Deter Bad Beh...

05/21/15

Receiving Wide Coverage ...

Forex Fines: The unethical attitudes that gave rise to the forex scandal might be summed up by this revealing 2010 chat message from a Barclays trader: "If you aint cheating, you aint trying." This noteworthy tidbit accompanied the news that six big banks have agreed to pay more than $5.8 billion to settle allegations related to foreign-exchange rate-rigging. Four of the sixÂ--Citigroup, JPMorgan Chase, Barclays and Royal Bank of ScotlandÂ--are also pleading...

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