Bank Consultants Under Fire, Conflicts Alleged

September 13, 2013

Subpoenas from the New York Department of Financial Services to Promontory Financial Group and PricewaterhouseCoopers are the latest action in what appears to be a trend. Government watchdogs are scrutinizing what some say is rampant conflict of interest in the financial institution consulting industry. “Consultants have a financial incentive to do things to attract repeat business,” said  Ohio Democratic Senator Sherrod Brown.

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