CHICAGO — The Federal Deposit Insurance Corp. on Thursday stepped up its campaign to convince Wall Street and Washington that it has the political will to take down a large, failing banking company a day after a senior agency official cast doubt on the idea.

In a speech at the Federal Reserve Bank of Chicago's regulatory conference, Acting FDIC Chairman Martin Gruenberg presented a largely wonky discussion that was heavy on details of a potential resolution of a systemically important firm, including how a firm's subsidiaries would be handled.

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