You are here

Fix bank culture or face being broken up, says US Fed Reserve

Wednesday, October 22, 2014 - 05:50

wililieamdudly2210.jpg
Banks must change the way employees are compensated and take other steps to fix a corporate culture that encourages misdeeds or face being broken up, said William Dudley, president of the Federal Reserve Bank of New York - PHOTO: REUTERS

New York

BANKS must change the way employees are compensated and take other steps to fix a corporate culture that encourages misdeeds or face being broken up, said William Dudley, president of the Federal Reserve Bank of New York.

If bad behaviour persists, "the inevitable

Powered by GET.comGetCom