Biden pushes for execs from failed banks to be fined, banned, stripped of compensation

WASHINGTON (Reuters) - U.S. President Joe Biden on Friday called on Congress to give regulators greater power over the banking sector, including leveraging higher fines, clawing back funds and barring officials from failed banks, according to a statement released by the White House.

(Reporting by Jeff Mason and Costas Pitas; writing by Susan Heavey)