By Kevin Drawbaugh
WASHINGTON, Oct 26 (Reuters) – The Obama administration within days will move to get tougher with large financial firms that are in trouble by urging Congress to let the government seize control, wipe out shareholders, boot management and restructure debts, an administration official said on Monday.
Obama readies tougher ‘too big to fail’ strategy
US regulator: 17 percent of national banks on watch list
WASHINGTON, Oct 14 (Reuters) – The regulator for the largest U.S. banks said on Wednesday that 17 percent of national banks are now considered “problem banks.”
Comptroller of the Currency John Dugan said credit quality continues to deteriorate across almost all classes of banking assets, in nearly all sizes of banks.
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