Claw Back Bonuses From Silicon Valley Bank Executives, Tester Urges Regulators
March 15, 2023
March 15, 2023
WASHINGTON, March 15 -- Sen. Jon Tester, D-Montana, issued the following news release and letter on March 14, 2023:
U.S. Senator Jon Tester today sent a letter to U.S. Federal Deposit Insurance Corporation (FDIC) Chairman Martin J. Gruenberg and Federal Reserve Chairman Jerome H. Powell urging federal financial regulators to hold Silicon Valley Bank (SVB) executives accountable and use every tool at their disposal to claw back reported bonuses received by the Bank's leadership.
U.S. Senator Jon Tester today sent a letter to U.S. Federal Deposit Insurance Corporation (FDIC) Chairman Martin J. Gruenberg and Federal Reserve Chairman Jerome H. Powell urging federal financial regulators to hold Silicon Valley Bank (SVB) executives accountable and use every tool at their disposal to claw back reported bonuses received by the Bank's leadership.