American money

Banker Bonus Clawback Bill for Failed Lenders Gets Senate Committee Approval

Top executives at lenders that collapse risk having their bonuses clawed back under legislation that’s gaining bipartisan support in the US Congress. 

The bill approved Wednesday by the Senate Banking Committee would allow the Federal Deposit Insurance Corp. to recoup bonuses that senior executives received in the two years before a bank failure and increase certain penalties for them. 

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