In the Media | April 2015

Anti-Wall Street Senator Lambasts Bank Non-prosecution Deals

By Barney Jopson and Gina Chon
Financial Times, April 15, 2015. All Rights Reserved.

Elizabeth Warren, the anti-Wall Street senator, has lashed out at US regulators for being soft on misbehaving banks, describing settlements that extracted billion dollar fines as a “slap on the wrist” and demanding that banks be put on trial.

The remarks by Ms Warren, who has emerged as a standard bearer of the Democratic left, are designed to put pressure on the US authorities as they come close to concluding their investigation into the manipulation of the foreign exchange market.

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