WASHINGTON, Nov. 21 (UPI) -- Bankers who engage in unethical or dishonest behavior should face permanent consequences, the head of the New York Fed said Friday.
William C. Dudley, the president and chief executive of the leading bank in the federal reserve system, told a Senate panel that Congress should authorize a database of employees fired for illegal or unethical actions. He also recommended amending the Federal Deposit Insurance Act to ban those employees from the business.