Banks return $1.2bn for bad advice

So-called remediation, based on formula-driven 'objective' audits set down for auditors with no regard for the necessary subjectivity of advice (and service) provided by the Advisers!

In fact, an attempt to divert attention away from the banks' corporate sins by blackening the characters and reputations of honest to goodness advisers, many of whom were quasi-employees of the banks, caring for the financial well-being of the banks' customers.

And many of whom have been financially ruined in consequence.

And, of course, who has paid for the 'remediations'? Not the banks' executives! No, the shareholders.

So much for executive responsibility!