WASHINGTON — President Biden requested Congress on Friday to move laws to provide monetary regulators broad new powers to claw again ill-gotten features from the executives of failed banks and impose fines for failures.
The proposal, a response to the federal rescue of 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 business.
The measures contained in Mr. Biden’s plan would construct on present regulatory…
