U.S. Senator Warren urges outside stress testing for banks -CNBC

U.S. Senator Elizabeth Warren, who is pushing tighter regulation after two banks failed in recent days, said on Wednesday any stress testing of financial institutions needs to be done from an outside entity.

Warren, a Democrat on the Senate banking panel, told CNBC in an interview that lawmakers need to put tougher constraints on mid-size banks back in place but that banks with under $50 billion in assets would not be subject to new regulation.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)