The 'most powerful man in banking' is putting pressure on big banks

Reuters/Michelle McLoughlin Daniel Tarullo, the man The Wall Street Journal this week dubbed "the most powerful man in banking," appeared on Bloomberg Television this morning, and he put the country's largest banks on notice. In a development that highlights the Federal Reserve's dogged approach toward the problem of "too big to fail," Govenor Tarullo indicated that the Fed will incorporate the capital surcharges on the top eight U.S. banks in its annual round of "stress tests" to a bank's...