Fed’s Dudley blasts big banks for ethical lapses

Mark Williams, School of Management

There is evidence of deep-seated cultural and ethical failures at many large U.S. banks, a top Federal Reserve official said Thursday…

Expert quote:

“What’s very interesting is, this is a conservative organization. And it’s clear with these comments that the Fed is saying, ‘We are now actually going to aggressively police and regulate the banks,’ which is something that the Fed probably didn’t do a good job of for the last decade.”

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