Financial regulators hint at further limits on risk, size

03/4/2009 | Bloomberg · Reuters

In testimony before the Senate Budget Committee, Federal Reserve Chairman Ben Bernanke criticized moves by American International Group. His remarks, which were echoed by Treasury Secretary Timothy Geithner in separate testimony, mean large financial institutions in the U.S. likely will face new restrictions. "There will either be more extensive regulation, a requirement for more capital, or a stated preference against companies getting too big, or, more likely, all of the above," said Kevin Fitzsimmons, managing director at Sandler O'Neill & Partners.

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Bloomberg · Reuters

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