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A mammoth guilt trip

Aug 30, 2014 - The Economist
Board and Executive Moves

Corporate America is finding it ever harder to stay on the right side of the law

IT IS a rare month that goes by without announcements of big legal settlements by large companies doing business in America. August ended with an agreement by Bank of America to pay $17 billion, eclipsing a $1.2 billion settlement by Goldman Sachs and one of $300m by Standard Chartered in the same month. Those are additions to a list for this year that already includes deals with Morgan Stanley, Citigroup, Cre...