Top US Bank Regulators Promise Fast Action on Executive Bonuses and Pay
- Fed, FDIC and OCC leaders agree to move on long-delayed rules
- Former executives have retained bonuses despite bank collapses
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The top US bank regulators are vowing to act quickly on long-delayed rules to clamp down on executive pay and bonuses.
Former executives at failed lenders Silicon Valley Bank, Signature Bank and First Republic Bank have faced fierce criticism from Democratic lawmakers and others over their generous compensation.