BUSINESS

In Capital Reserves Push, "Too Big To Fail" Is Attacked By White House

10/19/2009 05:12 am ET | Updated May 25, 2011

The thrust of the plan is to have banks, particularly those deemed too big to fail, maintain larger capital cushions -- a move bankers have traditionally opposed because it eats into their profits. The Treasury secretary, Timothy F. Geithner, is expected to outline the administration's proposals Thursday in a letter to the finance ministers of the Group of 20 industrial and emerging nations, who are scheduled to meet in London this week.

Read more on nytimes.com

Suggest a correction