Rep. Adam Schiff announces legislation to "claw back" earnings from executives at FDIC seized banks
California Congressman and Democratic Senate Candidate Adam Schiff joins Andrea Mitchell amid federal efforts to stave off domino bank collapses following the failure of Silicon Valley Bank, a “colossal management failure,” according to Schiff. Responding to reports that executives from SVB took bonuses on Friday, or made stock trades to limit their exposure to the bank’s collapse, Schiff announced legislation to “claw back those earnings from these late bonuses from stock trades that were beneficial in the run-up to this run on the bank.” » Subscribe to MSNBC: https://ift.tt/hUDrlR9 Follow MSNBC Show Blogs MaddowBlog: https://ift.tt/MhvESiW ReidOut Blog: https://ift.tt/bxznDBt MSNBC delivers breaking news, in-depth analysis of politics headlines, as well as commentary and informed perspectives. Find video clips and segments from The Rachel Maddow Show, Morning Joe, The Beat with Ari Melber, Deadline: White House, The ReidOut, All In, Last Word, 11th Hour, and Alex Wagner who brings her breadth of reporting experience to MSNBC primetime. Watch “Alex Wagner Tonight” Tuesday through Friday at 9pm Eastern. Connect with MSNBC Online Visit msnbc.com: https://ift.tt/eipmAZu Subscribe to the MSNBC Daily Newsletter: MSNBC.com/NewslettersYouTube Find MSNBC on Facebook: https://ift.tt/HwnmOUd Follow MSNBC on Twitter: https://ift.tt/aIxAB3z Follow MSNBC on Instagram: https://ift.tt/eCx2IDk #AdamSchiff #SiliconValleyBank #Economy
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