Bank traders taking too many risks, says Obama

Last week, President Obama criticized Wall Street traders for taking big risks to collect bonuses, reports Bloomberg.

In a radio interview, adds Bloomberg, Obama suggested banks need to change operations internally and alter incentives for traders. Read more.

Also read:

Bonuses on hold for Forex teams

Wall Street bonuses hit historic highs

Europe’s bankers skirt bonus rules

Why you should care about how bankers are treated

Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.