Next Step for Investment Banks: Outside Analysts

NPR | By Scott Horsley

Published December 22, 2002 at 12:00 AM EST

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.

Scott Horsley

Scott Horsley is NPR's Chief Economics Correspondent.

See stories by Scott Horsley

WRVO is at a critical moment.

Recent cuts to federal funding are challenging our mission to serve central and upstate New York with trusted journalism, vital local coverage, and the diverse programming that informs and connects our communities. This is the moment to join our community of supporters and help keep journalists on the ground, asking hard questions that matter to our region.

Stand with public media and make your gift today—not just for yourself, but for all who depend on WRVO as a trusted resource and civic cornerstone in central and upstate New York.

Support WRVO now