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Federal Regulators Propose Tougher Rules Governing Wall Street Bonuses
National Public Radio [NPR]
Apr. 22, 2016
"Top executives at the biggest Wall Street firms would have to wait four years to collect most of their bonus pay and could be forced to return the money in the event of wrongdoing, under proposed rules unveiled by federal regulators. The rules, which were released [in draft form] by the National Credit Union Administration ... say senior executives at firms worth more than $250 billion must wait to collect 60 percent of their bonus pay. Executives at firms valued at $50 billion to $250 billion would have to wait three years to receive half their bonuses. The rules cover banks, investment advisers and credit unions, as well as mortgage giants Fannie Mae and Freddie Mac."
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