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Biden calls on Congress to tighten laws to claw back executive pay, levy penalties in bank failures

Por: CNBC Politics March 17, 2023

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watch nowVIDEO1:2901:29Biden calls on congress to hold bank executives responsiblePresident called on Congress to give regulators more authority to claw back pay and penalize executives at distressed banks whose mismanagement contributed to their institutions failing.No one is above the law – and strengthening accountability is an important deterrent to prevent mismanagement in the future, Biden said in a statement Friday, days after federal... + full article



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