news.cuna.org/articles/108447-news-of-the-competition

News of the Competition

November 16, 2015

NEW YORK (11/16/15)--The disgust consumers hold for big banks in the wake of the financial crisis has been well documented. But what about their employees? Quartz recently went deep on the state of the big bank workplace post-crisis, and found some allegedly disturbing trends in many of the financial institutions it investigated, including practices that executives at the banks had sworn to eliminate once they’d been publicized. The article “Some of the people who hate America’s Big Banks the most work in them every day,” draws from a letter written by the Committee for Better Banks that illustrates the alleged culture maintained by these massive financial institutions. Threats of dismissal for not meeting lending quotas, frozen wage growth and pressure to bend ethics for the sake of the bottom line were only some of the issues cited by the employees. “Since I started working at (Wells Fargo) two years ago, by blood pressure went up; I started suffering from insomnia and anxiety,” one employee explained in the letter (Quartz)…