RECOUP Act

Bonuses for execs of failed banks could be recouped under bill advancing in U.S. Senate

BY: - June 21, 2023

WASHINGTON — U.S. senators on a panel with jurisdiction over banking regulations on Wednesday approved a bipartisan bill that would allow government officials to “claw back” compensation from banking executives who fail to thwart massive failures like the historic run on Silicon Valley Bank earlier this year. Members of the Senate Committee on Banking, Housing […]