Banks are braced for multibillion-dollar fines and years of litigation from a global probe
At the annual prime finance convention a young trader said… “We’ll figure out ways around any rules, so why do you think anything you’re doing is going to make a difference?” the trader asked, according to an attendee. The trader’s words capture the cowboy mentality of some working in the murkier areas of the trading world. Cocky, or absolutely correct? You can read the article on the FT site: http://www.ft.com/cms/s/0/a296da48-9579-11e3-8371-00144feab7de.html#axzz2tdPes53f