Unlike the Federal Communications Commission’s adjudication of broadcast license sales, no Federal Newspaper Commission exists to rule on who can own and who can sell a newspaper.
It’s entirely possible that Christie didn’t know very much about the bridge episode. It might just be the product of the culture he’s created, or permitted, to arise around him.
Employees have been front-running client orders and rigging WM/Reuters rates by pushing through trades before and during the 60-second windows when the benchmarks are set
Here’s what’s clear: Nobody truly believes anymore that those bonuses were anything but just another word for “really big salary.” The clincher: Only 32 percent of Barclays investment-banking employees thought that pay reflected performance.
It’s easier to convince consumers to wear gadgets on their wrists, and that’s where most of the industry’s energy is focused.