US - Activist shareholder body, Change to Win (CtW) Investment Group, has attacked the directors of several major US banks, including Morgan Stanley, for alleged failings in risk oversight, which it says led to massive sub-prime losses.
CtW, whose members include pension funds with over £1.4trn in assets, wrote to the directors of six major US banks as part of its 'sub-prime director' focus list for the 2008 proxy season. It sa...
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