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Biden wants the FDIC to be able to recoup compensation paid to executives at more banks should they fail and lower the threshold for the regulator to impose fines and bar executives from working at another bank.
Current rules complicate targeting reckless execs outside all but the biggest of banks
WASHINGTON (AP) — President Joe Biden on Friday called on Congress to allow regulators to impose tougher penalties on the executives of failed banks, including clawing back compensation and making it ...
<div class="at-above-post addthis_tool" data-url="https://www.metro.us/biden-calls-for-tougher-penalties-for-failed-bank-execs/"></div>WASHINGTON (AP) — President Joe Biden on Friday called on Congress to allow regulators to impose tougher penalties on the executives of failed banks, including clawing back compensation and making it easier to bar them from working in the industry. Biden wants the Federal Deposit Insurance Corporation to be able to force the return of […]<!-- AddThis Advanced Settings above via filter on get_the_excerpt --><!-- ...
President Joe Biden recommended that executives of failed banks should be banned from working in the banking sector again.