After
the worst financial crisis since the Great Depression almost took the
global economy over a cliff, tough new regulations and stronger internal
controls at the world's major banks were meant to help restore
confidence in the financial system.
 |
But recent headlines have some top investors and strategists questioning whether there has been any progress at all.
The horror stories include the deepening scandal that big banks rigged Libor, the benchmark international lending rate; JPMorgan Chase's [JPM
35.12
0.03
(+0.09%)
] mounting losses from disastrous credit bets and a possible cover-up attempt; and the disappearance of customer funds from Iowa futures broker PFGBest, discovered after its founder tried to commit suicide and left a note outlining a 20-year fraud.
0.03
(+0.09%)
] mounting losses from disastrous credit bets and a possible cover-up attempt; and the disappearance of customer funds from Iowa futures broker PFGBest, discovered after its founder tried to commit suicide and left a note outlining a 20-year fraud.
READ MORE: http://www.cnbc.com/id/48191948
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