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Financial watchdogs Preet Bharara and Benjamin Lawsky say the pain will only get worse for firms that continue to break the law.
After a year of record-breaking fines that has left financial services firms reeling and their investors anxious about what the future may hold, regulators and prosecutors alike say wayward firms can expect more of the same – and worse – going forward. “The next time one of these institutions engages in misconduct, I think they...
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