3 Scandals — 3 Key Dodd-Frank Developments

Law360, New York (August 22, 2012, 5:53 PM EDT) -- For bankers, lawyers and others who advise the financial sector, the summer of 2012 has been anything but typical. While the months of June, July and August typically mean long weekends and a general slowdown, this summer has offered nothing like a vacation from major financial scandals. To the contrary, the last few months have begat three significant scandals.

First, JPMorgan Chase announced that it had lost billions on bets made by derivatives traders in its London office. Second, regulators imposed significant fines on Barclays Bank,...
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