Standard & Poor’s employees mocked the company ahead of the 2008 global financial crisis, according to internal communications cited in the U.S. Justice Department’s complaints against S&P and its parent company, McGraw-Hill Cos.
The employees joked about the company’s willingness to rate deals “structured by cows” and sang and danced to a song inspired by “Burning Down the House,” reports Bloomberg.
The proportion of women CEOs in the CSA's sample remains 5%, as in the past three annual reports
BMO tops equity league tables, RBC leads debt rankings
Industry watchdogs can't "sit in an ivory tower" as they push for industry change, said Stan Magidson
Clients satisfied with advisors, despite fewer fee and suitability discussions
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Laurentian Bank has announced further executive shifts following its leadership change earlier this month
Ontario court allows U.S. shareholders to pursue both cases
Report finds the technology is being used to segment clients and generate insights