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Wall Street Culture Has Been ‘Cleaned Up,’ BofA Vice Chair Says

  • Finucane says BofA weeds out bad behavior ‘pretty quickly’
  • She says female bank employees receive 99% of pay men get
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Wall Street has set aside its boys’ club reputation and become more accommodating of women, including in terms of paying them the same wage as their male counterparts, Bank of America Corp. Vice Chairman Anne Finucane said.

“It’s been cleaned up,” Finucane Tuesday said in an interview with Bloomberg Television from the site of the World Economic Forum in Davos, Switzerland. “You can’t legislate individual behavior, but you can create a culture that’s intolerant of behavior. And I think we’ve done that.”