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Proposed bill aims to limit bonuses for failing bank executives

A new bipartisan bill is moving its way through the United States Senate aims to limit compensation for bank executives that are overseeing failing banks. Called the Failed Bank Executives Clawback Act, it was inspired by the failure of Silicon Valley Bank in March of this year.
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Source: wtrf.com

When 'Free Marketeers' At Silicon Valley Bank Begged For A Federal Bailout

On Sunday, March 12, Biden Administration officials announced that Silicon Valley Bank (SVB) depositors would have full access to their funds the next morning. The announcement came two days after SVB's collapse.SVB lobbyists has been highly critical of federal banking regulations. But The Nation's ...
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