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And beyond
Let's go one step further and consider fraud and corruption committed by financial institutions against companies, and the cases of bribery which are not disclosed but continue to happen despite of 5 years (4 years since it came to force) of the UK Bribery Act 2010.
Certainly there are many unresolved issues in companies driven by profits and thriving to show profits in difficult times.
There is no doubt that it is a Big RED FLAG that in the middle of a 'financial crisis' only private companies have seen the collapse or have gone into administration, however no financial institution has been affected, leaving some bailed out cases at one side. Other financial institutions have been presenting profits during that period, especially when investment banking became unprofitable and started to be disregarded by the major banks. And on top of that the scandals don't stop: money laundering, manipulation of LIBOR, dark pool, etc.
I believe it is the culture of the amoral business and a reflection of the differential association.