More bankers ok with breaking the law to get ahead

A quarter of bankers would still do an illegal trade to make money if they knew they could get away with it, according to a wide-ranging survey of financial workers by the University of Notre Dame and law firm Labaton Sucharow

As if that’s not bad enough, nearly half of the survey respondents “find it likely” that their competitors have done something unethical or illegal to gain an edge.

“We fear that the industry has not learned its lesson,” concludes the report, which covers bankers in both New York and London.