Tuesday 21 March 2017

Fed’s Dudley: Wells Fargo Scandal Shows Bank Culture Needs Improving

Ed. Note: This article first appeared in Bloomberg The scandal involving Wells Fargo that surfaced last year shows the U.S. banking industry still has work to do on improving its culture, Federal Reserve Bank of New York President William Dudley said. “Like mortgage brokers in the early 2000s, it appears that job security depended almost exclusively

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