This is Different

     Three major banks - Silicon Valley, First Republic and Signature - failed earlier this year. Collectively they were worth $532 billion. 

     Several U.S. senators have introduced legislation that would stiffen repercussions for leaders of failing banks. The measures would empower the FDIC to seize profits made by executives in the form of salaries, bonuses and other compensation. 

     Sen. Elizabeth Warren's bill would seize the executives' profits made five years prior to a bank's failure. A bill introduced by Sen. Sherrod Brown and Sen. Tim Scott calls for a two-year window. 

     Supporters of the bills think raising the stakes for failure would incentivize bank executives to make more careful decisions.