ALBANY, N.Y. (AP) — New York’s comptroller is urging two major banks to tell shareholders which employees are capable of exposing them to major losses because of their portfolios and bonus incentives.
Comptroller Thomas DiNapoli, trustee of New York’s $173 billion pension fund, filed shareholder resolutions at Wells Fargo and Bank of America. With fund investments in the banks worth $1.2 billion, DiNapoli said he wants to better monitor and limit risk.
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