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Weeks after the failure of two banks, President Joe Biden has 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.
Well, that didn't take too long. On Thursday, about three weeks after the collapse of Silicon Valley Bank, the White House proposed reinstituting...
The moves to tighten rules on midsize institutions come as the Biden administration searches for tools to further calm the banking crisis and prevent another failure.
Banks with between $100 billion and $250 billion in assets should hold more liquid assets, increase their capital, submit to regular stress tests, and write 'living wills,' the White House says
WASHINGTON (AP) — Weeks after the failure of two banks, President Joe Biden called Thursday for independent regulatory agencies to impose tighter rules on the