September 10, 2015 1:12PM
Changes could lead to prosecution for individuals
In the years since the financial crisis, the Department of Justice secured massive settlements with some of the nation’s largest banks for the wrongdoing, and misconduct the institutions perpetrated before, during and after the financial crisis.
Despite securing multi-billion dollar settlements against Bank of America (BAC), JPMorgan Chase (JPM), and Citigroup (C), among others, many observers have openly questioned why the DOJ and the federal government didn’t also target the individuals within each bank who were responsible for the corporate malfeasance.
Now, in a move that will undoubtedly have some shouting “finally!” and others saying...