Biden calls on Congress to tighten rules to claw back executive pay, levy penalties in bank failures

President Joe Biden calls for tougher penalties for execs of failed bankss

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 says top executives of failed banks should face harsher penalties

Days after U.S. Sen. Elizabeth Warren expressed outrage over the bonuses that Silicon Valley Bank executives were handing out hours before the bank failed, President Joe Biden on Friday called on Congress to strengthen regulatory powers to hold officials at failed banks accountable.The president sai...

Biden calls for tougher penalties for execs of failed banks

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…

Biden calls for tougher penalties for execs of failed banks

President Joe Biden on Friday called on Congress to allow regulators to impose tougher penalties on the executives of failed banks.

Biden calls for tougher penalties for execs of failed banks

Biden wants the Federal Deposit Insurance Corporation to be able to force the return of compensation paid to executives at a broader range of banks should they fail, and to lower the threshold for the regulator to impose fines and bar executives from working at another bank.

Biden calls for tougher penalties for execs of failed banks

President Joe Biden on Friday called on Congress to allow regulators to impose tougher penalties on the executives of failed banks.