As the Justice Department considers criminal charges against big banks, the industry predicts fallout similar to the fate of Arthur Andersen.
By Greg Farrell, Dakin Campbell, and Keri Geiger, Bloomberg|May 01, 2014 at 07:28 AM|Originally published on Treasuryandrisk.Com
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As U.S. Justice Department prosecutors angle to bring the first criminal charges against global banks since the financial crisis, they’ll have to stare down warnings of uncontainable collateral damage.