Article: Time for new financial system safeguards?(USA)

Byline: Mark Trumbull Staff writer of The Christian Science Monitor

The banking industry is showing new signs of strain, which is adding urgency to calls by federal authorities for greater oversight powers.

Just a couple of months ago, executives at Wall Street banks were voicing what sounded like sighs of relief that the worst of the financial storm might be over.

That may still be the case, but the latest signs are that strong risks remain. Share prices keep heading downward as financial firms scramble to raise enough cash to tide them through tough times.

Against that backdrop, the nation's top bank regulators - Federal Reserve ...

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