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The Fed’s Drive for Moral Leadership in Bank Boards

The Christian Science Monitor

The directors of financial institutions in the United States should be on high alert after a surprise move by the Federal Reserve. On Feb. 2, the regulator slapped a harsh penalty on Wells Fargo, the third-largest bank by assets, for its board’s inadequate oversight of ethical and legal risks in the company. Until the bank improves its governance and replaces some board members, it will not be allowed to grow in total assets...

Mentions: Leadership Wells Fargo Janet Yellen