White House Proposes Stricter Rules for Mid-Sized Banks.

The Biden administration has urged banking authorities to tighten regulation of mid-sized banks, which it said could be pushed through without support from a split Congress. Banks with between $100 billion and $250 billion in assets should hold more liquid assets, increase their capital, submit to regular stress tests and write "living wills" that detail how they can be wound down, the White House said. The White House proposals add momentum to the efforts of the Federal Reserve and other bank regulators to tighten oversight.