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Next Step for Investment Banks: Outside Analysts

By Scott Horsley
Published December 21, 2002 at 11:00 PM CST

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.

Copyright 2002 NPR
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Scott Horsley
Scott Horsley is NPR's Chief Economics Correspondent. He reports on ups and downs in the national economy as well as fault lines between booming and busting communities.
See stories by Scott Horsley
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