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Janet Yellen Needs a Lesson in Culture
The Fed's Chairwoman Janet Yellen spoke of "bad bank culture" on March 18. Apparently, it's not the Fed's concern.
"While changing the culture of organizations is not something that we can achieve through supervision, we will make sure that the banks that we supervise have appropriate compliance regimes in place."
The Fed's Chairwoman Janet Yellen spoke of "bad bank culture" on March 18. Apparently, it's not the Fed's concern.
"While changing the culture of organizations is not something that we can achieve through supervision, we will make sure that the banks that we supervise have appropriate compliance regimes in place."