Financial Services Financial Services

US FDIC chief Gruenberg backs letting regulators claw back failed midsized banks’ executive pay

By Neil Roland
  • 28 Mar 2023 22:39
  • 28 Mar 2023 22:39
Federal Deposit Insurance Corp. chief Martin Gruenberg said today he would back legislation to let regulators claw back the bonuses and stock sales of executives at failed midsized banks.
The FDIC already has the authority to claw back pay from risk-taking managers at the largest banks. Expanding the agency’s authority

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Neil Roland

Senior Correspondent

Neil has covered U.S. financial regulation for over two decades, mostly for Bloomberg and Crain Communications. He received a Loeb award for coverage of regulators' response to the collapse of Enron. He also garnered a SABEW award and some Jesse H. Neal awards for stories on the Federal Reserve's response to the 2008 financial crisis. Roland has appeared as a commentator on Fox TV, NPR, C-Span and Bloomberg TV. He received a Master's degree in public policy from Harvard and a Bachelors degree in economics from Cornell.

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