Rana Foroohar

Rana Foroohar is TIME's assistant managing editor in charge of economics and business.

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Banking’s Really Bad Day

Four years on from the financial crisis, new banking scandals still seem to break out every few months. But this week has been particularly bad for the industry. There was HSBC’s $1.9 billion settlement with the U.S. Justice Department over laundering money for Latin American drug cartels and helping countries like Iran, Cuba, Sudan,

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