Michael Bloomberg unveiled a raft of regulatory proposals that mark an effort by the Democratic candidate to distance himself from his Wall Street roots
WASHINGTON—Presidential candidate Michael Bloomberg unveiled a raft of proposals to strengthen oversight of lenders and protect consumers, a move that positions the billionaire former New York City mayor closer to the rest of the Democratic field on financial policy.
The nine-page plan, announced on Tuesday, would toughen tests intended to determine whether banks can withstand an economic downturn. It would reverse steps to ease trading restrictions known as the Volcker rule and impose a tax on financial transactions, an idea...
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