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The Boston Globe

Business

Bank executives on defensive at Davos

Scandals spur critics to call for more regulation

DAVOS, Switzerland — If there is one place bankers should be able to let down their guard a little, you would think it would be at the World Economic Forum in Davos, an exclusive gathering of 2,500 of the globe’s financial and corporate elite.

Yet even here, top banking executives are finding themselves on the defensive. It’s a reflection of how big banks — blamed by some politicians and the public for the 2007 financial crisis and the resulting recession — are still grappling with pressure from recent scandals and moves toward increasingly complex regulation.

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