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Senators introduce bipartisan bill to allow seizure of pay from CEOs of failed banks

Por: The Hill Politics June 17, 2023

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The top senators on the Senate Banking Committee unveiled Thursday that would allow regulators to claw back compensation from senior executives of failed banks. The Recovering Executive Compensation from Unaccountable Practices (RECOUP) Act would allow the Federal Deposit Insurance Corporation (FDIC), as well as a bank’s board, to seize executives’ compensation from the 24 months before a bank’s failure. . “It’s time for CEOs to face... + full article



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