Banks Should Defer Bonuses 10 Years: Fed Official
(Reuters) – Banks should defer bonus payments for 10 years and tap the bonus pool to pay any regulatory fines, a top Federal Reserve official said on Monday, taking aim at continued lapses across the industry even after the 2007-9 financial crisis. New York Federal Reserve Bank President William Dudley said banks should move toward paying… Read the rest of this entry »
Posted: October 20th, 2014 | Author: admin | Filed under: Economy, Federal Reserve Bank, News | Tags: Bank employee bonuses, Economy, Federal Reserve | Comments Off on Banks Should Defer Bonuses 10 Years: Fed Official