A bipartisan Senate bill would seize the pay of executives at failed banks
Leave a comment on this storyComment Senators overseeing the banking industry are taking their first step toward punishing executives who presided over failures like the March collapse of Silicon Valley Bank. Sens. Sherrod Brown (D-Ohio) and Tim Scott (RS.C.), chairmen of the Senate Banking Committee, on Thursday unveiled a bill that would give regulators the power to freeze bank executives’…
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