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President Joe Biden called on Congress to authorize tougher penalties for senior bank executives whose mismanagement contributed to their institutions failing.
Details: In a fact sheet, Biden urged Congress to expand the FDIC’s authority to:
Claw back compensation from executives at failed banks.
Bar executives from holding jobs in the banking industry when their banks enter receivership.
Fine executives of failed banks.
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Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey issued the following statement on today’s testimony from Treasury Secretary Janet Yellen that uninsured deposits will be protected only at depository institutions that pose systemic risks to the financial system.
ImageMar 17, 2023
Derek B. Williams, president and CEO of Century Bank & Trust in Milledgeville, Ga., was elected chairman of the Independent Community Bankers of America (ICBA) for 2023-24. His term begins March 16 at the conclusion of the ICBA LIVE national convention in Honolulu.
ImageMar 16, 2023
The Independent Community Bankers of America today announced the election of its 2023-24 Executive Committee during the 2023 ICBA LIVE national convention in Honolulu.
ImageMar 16, 2023
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