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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.
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Biden is calling on Congress to grant the FDIC those powers after the failures of Silicon Valley Bank and Signature Bank sent shockwaves through the global banking industry.
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.
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.
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.