DoJ ready for more criminal actions against banks

The new head of the US Department of Justice's criminal division is promising to be 'appropriately aggressive' and to bring further 'timely' cases against financial institutions.

The new head of the US Department of Justice's criminal division is promising to be 'appropriately aggressive' and to bring further 'timely' cases against financial institutions. alexskopje

In the wake of the first two guilty pleas from leading banks - Credit Suisse and BNP Paribas - in over ten years, Leslie Caldwell is not suggesting that the pace of the investigators will slacken. She said: ‘The government has gotten more sophisticated and more willing to investigate complicated fraud. We’ve learned a lot from cases that we’ve done. We have more knowledge in how to do these cases in a more timely way. We’ve seen evidence of criminal activity at a lot of financial institutions. We don’t decide which types of things we investigate. We follow the evidence where it leads.’ Ms Caldwell is returning to the Department of Justice after a decade away. She had been defending finanical and other companies at law firm Morgan, Lewis & Bockius. Source: Financial Times

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