In Britain, scandals over the mis-selling of pensions and investment trusts have yet to lead to prosecutions.
Wingate Associates is claiming that a 2011 settlement over the mis-selling of an interest rate swap should be overturned because of the bank's involvement in fixing Libor.
Faith in the long-term saving industry has been eroded by a succession of scandals, notably over the mis-selling of personal pensions.
The bailed-out bank has not set aside any money for a settlement with the US Department of Justice (DoJ) over the mis-selling of residential mortgage-backed securities (RMBS) before the 2008 banking crisis.
The stock was buoyed by an attempt by chief executive John Cryan to calm nerves with a memo sent to the bank's 100,000 staff and hopes of a deal with the US Department of Justice over the mis-selling of mortgage bonds between 2005 and 2007.
The Swiss bank UBS has pledged to vigorously defend itself in a pending lawsuit by the US justice department, which has already clawed billions of dollars from lenders over the mis-selling of complex financial products that contributed to the 2008 financial crash.
Lloyds cut £2m from bonuses paid to 13 executives, including the former chief executive Eric Daniels, over payouts for the mis-selling of payment protection insurance.
UK banks have already put forward proposals to reform the sector after the industry's reputation was further battered by a summer of scandal, including over Libor, the mis-selling of payment protection insurance, and the mis-selling of specialist insurance - called interest rate swaps - to small businesses.
As a result of the switch, Senator Herb Kohl (D-MI) took over the subcommittee that oversees agriculture spending from Cochran.
Granted, it's often hard to be price competitive with Chinese manufacturers like Xiaomi, but Fitbit still has healthy brand reconnection and robust software offerings, which could justify a bit of a premium over rock-bottom trackers like the Mi Band.
It's actually a recurring nightmare because that's not the first time we've seen a ball fly over the mis-positioned Boswell and lead to a goal.
