The lesson from Stanchart and Barclay

Two giant banks, with world reputations to maintain, were caught with their pants down for playing dirty. And they were not the only two. Stanchart was reputed to have accepted Iran’s money to the tune of $310b when there was a sanction against it. Barclay and many big banks were rigging the Libor that undermined the integrity of the whole banking industry.

Yes, they cheated for the sake of