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Ethical standards in finance still fall short

THE 2008 financial crisis so epitomised greed and misselling of investment products that one thought one had seen the worst of the finance industry. But then came the scandal over the manipulation of the benchmark Libor interest rate, over which a number of banks have been fined. Then there are rumblings over the possible manipulation of exchange rates. And as if all that was not enough, there is now the allegation of price fixing in the gold market.

While the principle of "buyer beware" generally...

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