International Monetary Fund chief Christine Lagarde has been convicted over her role in a controversial €400m (£355m) payment to a businessman. French judges found Ms Lagarde guilty of negligence for failing to challenge the state arbitration payout to the friend of former French President Nicolas Sarkozy. The 60-year-old, following a week-long trial in Paris, was not given any sentence and will not be punished.
Bankers do not get punished for breaking the law, period.
