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2004 Press Releases

2004

05/07/04
Fed’s Stern Warns of Big Bank Risk

Federal Reserve Bank of Minneapolis president Gary Stern says the nation's largest banks have become increasingly complex, posing challenges for bank supervisors and serious long-term risks. In an interview with the Minneapolis Star-Tribune, Stern outlined his concerns and discussed the recent book, "Too Big to Fail: The Hazards of Bank Bailouts," he wrote with Minneapolis Fed vice president Ron Feldman.

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