Business Essentials, Student Value Edition Plus MyLab Intro to Business with Pearson eText -- Access Card Package (11th Edition)
Business Essentials, Student Value Edition Plus MyLab Intro to Business with Pearson eText -- Access Card Package (11th Edition)
11th Edition
ISBN: 9780134473970
Author: Ronald J. Ebert, Ricky W. Griffin
Publisher: PEARSON
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Chapter 16, Problem 16.26C
Summary Introduction

Case summary:

The banking industry was quiet, steady sometimes even boring once upon a time. In the year 2015, four of the largest world banks pleaded guilty for manipulating currencies. The employees worked in these banks made these manipulations as a group. They used technology to mislead the traders on different currencies.

The FR banks and the EC Bank have taken drastic steps to protect the banks in their jurisdictions. This led to individual banks changing the products they offer.

To explain: The reason why the rate of bank failure has fallen in recent years.

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