If two senators get their way, executives—and not just the banks they run—will face punishment for bad behavior in the future.
What's more, the sentiment is shared across party lines, with Sens. Elizabeth Warren , D-Mass., and Richard Shelby, R-Ala., both expressing concern that while banks have faced billions in penalties for actions that precipitated the financial crisis, no individual CEOs have been held responsible.
"No corporation can break the law unless the individual within that corporation broke the law," Warren said during a committee hearing Tuesday, according to an account in The Hill. "Not a single senior executive at these banks (has) been criminally prosecuted."