Fed bank supervisors can curb but not eliminate failures: Dudley

The army of supervisors from the Federal Reserve and other agencies can reduce but not eliminate the risk of bank failures, New York Fed President William Dudley said on Friday. Supervisors, who sometimes work day-to-day inside banks, "can reduce the chances" that these firms fail "but can never guarantee" that, said Dudley, whose branch of the U.S. central bank serves as its eyes and ears on Wall Street. The New York Fed has been the target of criticism since the financial crisis for missteps a