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Should banks be held liable for actions of their employees

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Should banks be held liable for the actions of their employees? Why do you think when acts of fiduciary fraud occur, banks readily write-off losses? Could it be that financial institutions are more concerned with public image than pursuing justice? For example, Bank of America would not confirm if there were other victims. If you knew acts of fiduciary fraud occurred at your financial institution, would you continue to bank there?

Reference no: EM133433013

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