3/7/2008

Risk-management plans at banks are under scrutiny from U.S. and European regulators after $181 billion in write-downs and credit losses. "Each supervisor is ensuring that firms are making appropriate changes" in their practices, William Rutledge, head of bank supervision at the Federal Reserve Bank of New York, said in a letter. The regulators are trying to avoid another crisis similar to the one brought on by souring mortgage loans.

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