Biden urges Congress to crack down on failed bank executives ...Middle East

The Hill - News
Biden urges Congress to crack down on failed bank executives
President Biden urged Congress on Friday to give the Federal Deposit Insurance Corporation (FDIC) more power to punish executives in charge of banks that fail and require assistance from the federal government. In a request to Congress made Friday, the president said the FDIC should have more authority to take back executives’ pay, levy fines against them and bar them from future employment in the banking sector. "When banks fail due to mismanagement and excessive risk taking, it should be easier for regulators to claw back compensation from executives, to impose civil penalties, and to ban executives from working in the banking industry again," Biden said in a statement. Read mo

Hence then, the article about biden urges congress to crack down on failed bank executives was published today ( ) and is available on The Hill ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( Biden urges Congress to crack down on failed bank executives )

Apple Storegoogle play

Last updated :

Also on site :