Failure in maintaining an effective workplace culture can allow toxic sub-cultures to emerge and even dominate an organization.
Observations
Sep 14, 2023Banking sector regulators have taken to emphasizing the importance of culture to the conduct among firms, and the outcomes that result. In many instances, such outcomes have represented consumer harms and risks to financial stability. Now, so-called “neo-banks” and other fintech firms are facing scrutiny akin to that experienced by the entrenched incumbents they hope to disrupt.
Observations
Jul 26, 2023On Monday, the US Federal Reserve Board (FRB) announced a consent order and a $268.5 million fine against UBS Group AG for misconduct by Credit Suisse, which UBS acquired in June of this year.
