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Silicon Valley Bank, headquartered in Santa Clara, Calif., was the 16th largest in the United States when it failed on March 10, 2023.
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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.
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…
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 --><!-- ...