Justice Dept official admonishes nation's bankers

WASHINGTON (AP) — Admonishing the nation’s bankers, the Justice Department’s No. 2 official says too many financial institutions have failed in their duty to ensure that their businesses are run cleanly.

“Despite years of admonitions by government officials that compliance must be an important part of a corporation’s culture, we continue to see significant violations of law at banks, inadequate compliance programs, and missed opportunities to prevent and detect crimes,” said Deputy Attorney General James Cole.