The aftermath of the European Magnitsky Act
- June 25, 2021
- Posted by: Daria Patrascoiu
- Category: Articles
Financial institutions, particularly banks, have a very important function in society. The push for maximum profit for shareholders at the great players from the mid 90s has led to a culture of superiority, short term profit, taking excessive risks, developing and selling of complex financial products and the distribution of high fixed rewards and bonuses to bankers.
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