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Biden urges Congress to crack down on failed bank executives

Por: The Hill Politics March 17, 2023

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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, 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. “Congress must act to impose tougher... + full article



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