WASHINGTON — President Biden requested Congress on Friday to move laws to provide monetary regulators broad new powers to claw again ill-gotten positive aspects from the executives of failed banks and impose fines for failures.
The proposal, a response to the federal rescue of depositors at Silicon Valley Financial institution and Signature Financial institution final week, would additionally search to bar executives at failed banks from taking different jobs within the monetary trade.
The measures contained in Mr. Biden’s plan would construct on…
