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In comments with potential implications for the banking sector, CLSA analyst Mike Mayo says he...

Apr. 10, 2013 3:59 PM ETXLF, IYF, IYG, VFH, IAI, KRE, RSPF, PGF, PFI, SKF, UYG, FXO, SEF, FAS, FAZ, RWW, PSCF, KBWD, KBWB, FINU-OLD, FINZBy: Carl Surran, SA News Editor
In comments with potential implications for the banking sector, CLSA analyst Mike Mayo says he sees a rebirth of shareholder rights in the sector with institutional investors taking control of their ownership stake. A "country club sort of attitude" has been prevalent for too long among bank boards, with directors getting fired one out of 3,000 times, Mayo says. (video)

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