Govt, regulators pledge capital if needed

US regulators pledged to inject additional funds into the nation’s major banks to prevent their collapse and will this week begin examinations to determine if they have enough capital.

WASHINGTON: US regulators pledged to inject additional funds into the nation���s major banks to prevent their collapse and will this week begin examinations to determine if they have enough capital.

���The government will ensure that banks have the capital and liquidity they need to provide the credit necessary to restore economic growth,��� the Treasury and regulators said in a statement.

���The US government stands firmly behind the banking system during this period of financial strain.��� The statement was a joint release of the Treasury, Fed, FDIC, Office of the Comptroller of the Currency and Office of Thrift Supervision.
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