Darling: don't go it alone
MILAN, Feb 5 (Reuters) – British Finance Minister Alistair Darling reiterated that breaking up banks and going it alone was not the way to fight the crisis, preferring global coordination, he told Italian daily Il Sole 24 Ore in an interview on Friday. (more…)
By Kevin Drawbaugh
WASHINGTON, Nov 18 (Reuters) – The U.S. Congress edged closer on Wednesday to creating new government powers to break up giant financial firms, which Europe is already doing, while a U.S. derivatives market crackdown got more complicated. (more…)
WASHINGTON, Nov. 3 (Reuters) – The government should have the authority to break up or reconstruct financial firms before they become “too big to fail,” a prominent U.S. lawmaker said on Tuesday.
