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0.General, 1.Market Observations

23 July 2012 (The Age) – Where are the regulators during bank scandals?

(23 July 2012, The Age, BusinessDay, p8, Joe Nocera and New York Times)

‘IS IT my imagination, or does every week bring news of another financial scandal?’

‘First up: Peregrine Financial Group. This long-running fraud…’ <snipped>

‘Next up: HSBC. Who knew that the British bank was the favoured institution of money launderers everywhere? As it turns out…’ <snipped>

‘Let’s now turn to ”Liborgate” where the plot continues to thicken….’ <snipped>

‘But, finally, there’s this: On Wednesday, Capital One, the big purveyor of credit cards…’ <snipped>

Read the full story at TheAge.com.au

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