Ho-hum, another week, another multimillion-dollar settlement between regulators and a behemoth bank acting badly.
The most recent version involves two such financial institutions, Barclaysand Credit Suisse. They agreed last Sunday to pay $154.3 million after regulators contended that their stock trading platforms, advertised as places where investors would not be preyed on by high-frequency traders, were actually precisely the opposite. On both banks’ systems, investors trying to execute their transactions fairly were harmed.
