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There hasn’T been ... a single updaTe To This siTe --- since I joined.

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Title: Elizabeth Warren and Josh Hawley just teamed up on a bill that would let the government 'clawback lavish pay and bonuses when executives explode their bank'
Source: Business Insider
URL Source: https://www.businessinsider.com/eli ... -failed-bank-executives-2023-3
Published: Mar 31, 2023
Author: Juliana Kaplan and Ayelet Sheffey
Post Date: 2023-03-31 00:28:59 by Charles_Byrd
Keywords: None
Views: 127

Two unlikely Senate allies want to turn up the heat for executives who lead their banks to ruin, as politicians grapple with the fallout from the Silicon Valley Bank collapse.

On Wednesday, Democratic Sen. Elizabeth Warren and Republican Sen. Josh Hawley, along with Sens. Mike Braun and Catherine Cortez Masto, introduced a bill called "Failed Bank Executives Clawback Act," which would require that federal regulators "claw back" compensation of executives from the five-year period before their bank fails.

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