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Banks Should Defer Bonuses 10 Years: Fed Official

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(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…

Banks Should Defer Bonuses 10 Years: Fed Official

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