HSBC faces rising costs, prompting concerns on expense management at big banks. Executives pressured to address spending. Calls for executives to have accountability in bank failures, with focus on managing risks. Banks advocate for Big Tech liability in push payment fraud. Higher rates influence boardrooms. Senator Warren pushes for accountability in bank collapses, urging pay clawbacks for executives.
A year ago, big banks failed after Washington weakened the rules & executives loaded up on risk. And as Silicon Valley Bank collapsed, bankers paid out bonuses. Executives must be held accountable: claw back pay when they blow up their banks. The Senate needs to pass this bill. https://t.co/Ea9hXh6Ow3
From Breakingviews - Breakingviews - Higher rates insidiously creep into the boardroom https://t.co/aOa5dvTybv https://t.co/aOa5dvTybv
Echoing efforts already underway in Europe, Banks are urging politicians to make BIG TECH liable for push payment fraud, rather than banks. https://t.co/2IsViTIWBU
Bank failures are looming. Let’s make sure executives have skin in the game, @SheilaBair2013 and Charles Goodheart write. https://t.co/Y1hzrbpi7l
Climbing costs at HSBC have added to growing investor concerns about how big banks manage their expenses, putting executives under pressure to quickly address spending. More here: https://t.co/f1MmsQf2CJ