The banking industry is one of the most regulated sectors in the U.S. — and more regulations could be coming.
President Joe Biden vowed stiffer bank regulations last week, following the rapid collapses of Silicon Valley Bank and Signature Bank that stoked fears of a domino effect across the industry.
He also called on Congress to undo a 2018 banking deregulation bill signed by President Trump that allowed banks below $250 billion to opt out of certain oversight regulations.
Despite the crisis,…
