Biden wants to revive bank rules Trump weakened
President Joe Biden wants to revive bank regulations that he says were weakened by predecessor Donald Trump.
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President Joe Biden wants to revive bank regulations that he says were weakened by predecessor Donald Trump.
WASHINGTON (AP) — Weeks after the failure of two banks, President Joe Biden called Thursday for independent regulatory agencies to impose tighter rules on the financial system, telling them that they can act under current law without additional steps taken by Congress. The recommended changes outlined by the White House try to put a clear […]
Weeks after the failure of two banks, President Joe Biden is calling for independent regulatory agencies to impose tighter rules on the financial system.
Rattling the financial markets and US voters alike, the California-based Silicon Valley Bank and New York-based Signature Bank failed over the course of a weekend and required government intervention.
The White House urged financial regulators to toughen rules on banks after several failures. A top House Republican criticized the move.