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U.S. Attorney-General Eric Holder takes questions during a news conference at the Justice Department in Washington.
U.S. Attorney-General Eric Holder takes questions during a news conference at the Justice Department in Washington.
(CHARLES DHARAPAK/AP)

U.S. Attorney-General needs homegrown bank victories

America’s top lawyer needs to claim some homegrown banking victories.

Attorney-General Eric Holder is close to extracting guilty pleas and mega-fines from BNP Paribas and did so from Credit Suisse for sanctions busting and tax avoidance, respectively. Their crimes deserve punishment but don’t threaten the financial system. That makes it look as if Mr. Holder is ducking tough financial crisis cases and picking on foreign banks.