In the Margins

Is it time to give bank boards a break?

August 14, 2017

By The New York Times

It's fair to say that the Wells Fargo board of directors and its oversight of the bank are under scrutiny. And while some shareholders are urging Wells Fargo's directors to sharpen their scrutiny in the wake of continuing misconduct, it’s worth noting that new regulatory guidance put forward by the Federal Reserve Board would go in the opposite direction. In essence, the Fed says, big bank board members need to take a load off. Read the original story from The New York Times.



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