Bank Investors Simply don’t Care about Scandals

We are in a global society that seems to simply love the talk of the latest scandal. Gossip (or dirt) that is found out about a person or company makes the top headlines everywhere. The people involved are usually mortified, offer press conferences for apologies and slink quietly into anonymity. So why are banks different? They seem to carry an air of nonchalance with maybe only a moment of embarrassment (usually to switch out the CEO).

Well, if you knew anything about banks and their investments, you would realize that after they got their hand slapped, appeared in court and made their shallow apologies. The fines they are required to pay are simply a pittance of their value. So, they really aren’t affected nor do they care about a scandal. The people that it could really affect, are you and I.

Sources:
http://buzz.money.cnn.com/2012/08/24/bank-stocks-scandal/?iid=SF_INV_River
http://www.dailyfinance.com/2012/07/09/the-800-trillion-scandal-how-banks-libor-lies-affected-you/

The information supplied in this article is not to be considered as medical advice and is for educational purposes only.