Bloomberg Business

Biden Seeks Tougher Penalties on Executives of Failed Banks

President Joe Biden urged Congress to approve measures enacting tougher punishments on banking executives if mismanagement contributed to their institutions failing, following the recent collapse of three regional banks.

Tycoon Guo’s Arrest Prompts Rapper Michel to Seek Trial Delay

Rapper Pras Michel wants a judge to delay his trial on campaign finance and illegal lobbying charges because he says prosecutors must give him a “treasure trove” of documents about the arrest this week of Chinese billionaire Guo Wengui.

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