WASHINGTON - A House subcommittee is concerned that bank examiners are doing to California what they [ILLEGIBLE WORDS] England - reducing [ILLEGIBLE WORDS] ability by imposing higher [ILLEGIBLE WORD] necessary capital standards.

In a letter to the three bank regulators, Rep. John M. Spratt, D-S.C., and Rep. Christopher Cox, R-Calif., are asking for data on the number of California institutions under orders to increase capital above levels required by law.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.