Reputational risk hots up


NEW YORK -- The recently announced $1.4 billion settlement between regulators and 10 major Wall Street investment firms has created a host of reputational risks that threaten to undermine the shaky investor confidence the financial industry has struggled to re-build.

Following investigations that began in 1999 -- firms’ investment banking units were accused of improperly influencing their research units -- the global settlement was agreed upon in principle last December by a group of US

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