Appetite to claw back compensation for failed bank executives grows

The idea that regulators need to more sharply punish the executives of failed banks has attracted some powerful promoters in the last few weeks, notably President Joe Biden and a bipartisan group of senators in the Senate Banking Committee

That's traction that the executive compensation issue hasn't seen in years, experts say. In the wake of the Silicon Valley Bank and Signature Bank failures, a number of reports have pointed to stock sales and bonuses of the executives of both banks that have rankled policymakers and the public, giving both Republican and Democratic lawmakers the political impetus to write and support legislation that would pull those rules back.  READ MORE