Odaily Planet Daily News U.S. Senator Elizabeth Warren wants to claw back bonuses paid to bank executives whose poor risk management is said to have led to the recent banking crisis. Warren asked bank executives whether they would return $60 million earned after implementing weaker controls. She said it was wrong to have others foot the bill for high-stakes activities that executives used to line their own pockets. Silicon Valley bank executive Gregory W. Becker reportedly made $40 million after Congress allowed the bank to take on more risks. In addition, the bank ignored 17 warnings from the Federal Reserve regarding liquidity risk management, weak governance, capital planning, etc. because Becker was suspected of enriching himself. Becker confirmed that he has earned $40 million since 2019. Warren also asked former Signature Bank chairman Scott Shay if he would return the $20 million he earned. The bank allegedly ignored liquidity problems, leading to a $2.5 billion bailout from the Federal Deposit Insurance Corporation (FDIC). Shay said he has no plans to return the money. Senator Lummis also accused Shay of blaming regulators and digital asset depositors for the bank’s liquidity crisis in March. After Silvergate Bank collapsed, depositors withdrew funds from Silicon Valley Bank and Signature Bank. Both banks sold securities at huge losses to create liquidity for withdrawals. (BeInCrypto)