Biden seeks FDIC authority to claw back bankers’ compensation ...Middle East

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Biden seeks FDIC authority to claw back bankers’ compensation
President Joe Biden on Friday urged Congress to pass legislation that would give the Federal Deposit Insurance Corporation authority to “claw back” executive pay at failed banks and to bar the executives from jobs in the banking industry. As the fallout continues from the federal rescue of depositors in Santa Clara, Calif.-based Silicon Valley Bank […] The post Biden seeks FDIC authority to claw back bankers’ compensation appeared first on Roll Call.

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