Of course scandals are costly, as a perusal of the news in 2019 shows. And they create long-term, non-monetary costs as well — loss of respect, reputation, trust, and more. When things go very wrong as a result of behaviors, procedures, or attitudes, there is a great loss — but also the potential to prompt change. This year, our country experienced five groundbreaking scandals in the financial services industry. Some made national headlines, others may be lesser-known, but they all offer the opportunity to reflect on what went wrong — and what can improve. Learn more about five costly scandals that rocked the financial industry this year in the slideshow above. Will these inspire change? Only time will tell. Related: |

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C.J. Marwitz

C.J. Marwitz is a writer and editor.

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