Today news
About the same in other media
Biden Asks Congress for More Authority to Punish Bank Executives
Reading now: 746
WASHINGTON—President Biden called on Congress to toughen penalties on bank executives deemed responsible for the collapse of financial institutions, as the administration seeks to shore up confidence in the banking system following the failure of two midsize lenders and the bank-led rescue of a third.
“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,” Mr. Biden said in a statement.
Read more on wsj.comAbout this in other media
For Chip Makers, a Choice Between the U.S. and China Looms wsj.com /1 year ago
Fed’s Barr Calls Silicon Valley Bank a ‘Textbook Case of Mismanagement’ wsj.com /1 year ago
Semiconductor Firms Asked to Submit Financial Projections to Get Chips Act Funds wsj.com /1 year ago
Show more
The website fvbb.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
