A criminal conviction actually raised Credit Suisse’s stock price

Evidence

This turned out to be the case. The business catastrophe predicted by the bank’s officials never materialized. Rather, the bank enjoyed an abrupt rise in its stock price! Professor Rebel Cole of DePaul University noted, “If there are no consequences from a criminal conviction, they are just dumb-ing down a criminal conviction” (Eavis, 2014). — Albert Bandura, Moral Disengagement, 1584

Categorization

Category: Contrarian or Surprising Claims

• CANDY: The stock-price-rise-after-conviction fact is a clean, tweetable counterintuitive tidbit.
• SEED: Angle: what does it mean for deterrence when the market’s verdict contradicts the legal one — markets pricing in ‘too big to punish’ as a positive.

Related

• Criminal conviction failed to hurt Credit Suisse’s stock price (similarity 0.96)