TITLE

FDIC says severance curb won't be retroactive

AUTHOR(S)
Schulz, Matt
PUB. DATE
February 1996
SOURCE
American Banker;2/15/1996, Vol. 161 Issue 31, p8
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Reports that the US Federal Deposit Insurance Corp. (FDIC) rules limiting severance payments to executives at troubled banks and thrift institutions will not be applied retroactively. Limitation of severance packages to one's year pay; Warning against efforts of banks to circumvent the effect of the rule.
ACCESSION #
9603040227

 

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