President Joe Biden speaks as he meets with Ireland's Taoiseach Leo Varadkar in the Oval Office of the White House, Friday, March 17, 2023, in Washington. Biden on Friday called on Congress to allow regulators to impose tougher penalties on the executives of failed banks, including clawing back compensation and making it easier to bar them from working in the industry. (AP Photo/Evan Vucci)
March 17, 2023
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March 17, 2023 12:54 p.m.
Biden calls for tougher penalties for execs of failed banks
WASHINGTON (AP) — President Joe Biden on Friday called on Congress to allow regulators to impose tougher penalties on the executives of failed banks, including clawing back compensation and making it easier to bar them from working in the industry.