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Report: ‘Unethical Behavior’ Continues to Plague Financial Services Industry(0)

May 28, 2015

A new survey of the U.S. and U.K. financial services industry finds that the upswing in financial markets in the wake of the global recession hasn’t done much to improve public perceptions of leading financial institutions – mainly because the underlying behavior of those working in the industry has worsened over the years.

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Secret Tapes Hint at Turmoil in New York Fed Team Monitoring JPMorgan

As the Federal Reserve Bank of New York moved to beef up its oversight of Wall Street two years ago, the team charged with supervising the nation’s largest bank, JPMorgan Chase, was in turmoil. Fed examiners embedded at JPMorgan complained about being blocked from doing their jobs. In frustration, some requested transfers.

Business Fraud: Culture Is the Culprit

Two leading consultants say companies must create lower risk environments for fraud. To do so, they argue, organizations first must understand their own corporate ecology — the interrelations between people and their workplace — and tailor controls to the nature of those systems.

Oakland Athletics Latest Major League Team to Settle Claim of Wage Violations

A third Major League Baseball team—the Oakland Athletics—has agreed to pay back wages and damages to a group of current and former employees to settle government claims that they had been illegally underpaid.


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