(Bloomberg) -- Sallie L. Krawcheck, who ran wealth-management divisions at Bank of America Corp. and Citigroup Inc., said risks at complex financial firms could be better managed by giving executives part of their pay in bonds.
Banks, including her former employers, are trading below liquidation value because investors are struggling to determine what returns to expect, Krawcheck said today at the Bloomberg Markets 50 Summit in New York. The complexity of the firms and their regulation obscure their value, she said.
Register or login for access to this item and much more
All Bank Investment Consultant content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access