Standard Chartered Chairman Jose Vinals defended the bank’s culture, insisting the emerging markets-focused lender has acted swiftly and “decisively” to root out misconduct.
Bloomberg News reports that his comments, in an interview in Lagos, Nigeria, come after a number of top executives in charge of policing behavior at the bank were themselves disciplined or investigated for allegations of harassment or inappropriate conduct, people familiar with the matter said earlier this month. Vinals said any instances of inappropriate behavior were normal in an organization that employs 86,000 worldwide.
“We have been making strong efforts to push the right culture through the bank, so that everywhere and everybody lives that culture,” Vinals said. Whenever wrongdoing is identified, “you deal with them decisively and that is what we are doing.”
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