FDIC is trying to curb “excessive” pay days for top execs of large banks, according to CCH. Many blame the incentive structure among big banks executives for causing the banking crisis and recession — huge paychecks for taking risks that later blew up. It affects banks with assets of more than $1 billion, 630 total, including several that do business in Wichita.
And for the biggest banks, those over $50 billion in assets, it wants executives to be forced to take half of their compensation over three years so they suffer if they make bad long-term decisions.
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