BUSINESS
06/09/2010 03:48 am ET Updated May 25, 2011

Fed Finding Status Quo In Bank Pay

Federal regulators reviewing the compensation policies of major banks are finding that the industry has not adequately adjusted its pay practices to reduce risk-taking.

The Federal Reserve, six months into a compensation review of the country's 28 largest financial companies, has found that many of the bonus and incentive programs that economists say contributed to the worst financial crisis since the Great Depression remain in place, according to people briefed on the examinations.

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