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The Market Now

Mark Gimein

Mark Gimein is Companies and Markets editor at, and lead writer for the Market Now blog and newsletter. He is a journalist with 15 years of experience covering the economy, and two time winner of Business Journalist of the Year awards.

What if other countries started prosecuting U.S. banks?

Brad Davis in Midnight Express, 1978. Photographer: Col;umbia/Everett Collection

What if other countries started prosecuting U.S. banks?

Jail the Banks! Well, the Foreign Ones, Anyway

It's hard not to notice that after extensive discussions among regulators and prosecutors about the advisability of bringing criminal charges against "too big to fail" banks, U.S. officials are finally demanding criminal sanctions ... of foreign banks.

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