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. will likely 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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