Bernanke: US regulators have greater power to shut down ailing banks and combat future crises

  • by: MARTIN CRUTSINGER , Associated Press
  • Updated: November 8, 2013 - 4:45 PM

WASHINGTON — Chairman Ben Bernanke said Friday that the Federal Reserve is drafting rules to close large insolvent banks without bringing down the broader financial system, one of many steps regulators must take to prevent another financial crisis.

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