NPR logo

Next Step for Investment Banks: Outside Analysts

Only Available in Archive Formats.
Next Step for Investment Banks: Outside Analysts

Business

Next Step for Investment Banks: Outside Analysts

Next Step for Investment Banks: Outside Analysts

Only Available in Archive Formats.

Ten of the country's largest investment banks agreed this week to pay about $1.4 billion in fines to settle charges that their stock research was tainted by conflicts of interest. Their next move will be to hire independent analysts to perform the research function. NPR's Scott Horsley reports.