What implications does the Justice Department ruling have according to the speaker?
Goldman Cuts CEO Pay by 36%
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The video discusses the involvement of a CEO in the 1MDB scandal, highlighting the repercussions of a significant Justice Department ruling and a $5 billion fine on Goldman Sachs. It also covers the impact of these events on CEO pay cuts and compares the bank bonuses in Asia, which have seen significant increases, to those on Wall Street.
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What does the text suggest about the competitive nature of the banking sector?
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