Wednesday, November 18, 2015

Now that Barclays has been fined again, will name on Barclays Center get reconsidered?

Today, Morgan Pehme, writer, filmmaker and executive director of the good-government group Effective NY, noted that Barclays agreed to pay an additional $150 million penalty to the New York State Department of Financial Services for misconduct related to automated, electronic foreign exchange (FX) trading.

That's on top of many larger fines to the state and federal agencies, as well as a felony plea.

In other words, an elected official need not call for a name change. Rather, they should just ask for contracts to be enforced.

No comments:

Post a Comment