BBC: US President Barack Obama has warned that more US banks are likely to fail, as the full extent of their losses in the economic crisis becomes clear.
Speaking to NBC News, Mr Obama said "some banks won't make it" but stressed that people's deposits would be safe.
He has asked Treasury Secretary Timothy Geithner to draw up guidelines for banks receiving taxpayers' money.
Meanwhile, he warned of a "difficult next few days" as the Senate begins to debate his $800bn (£567bn) rescue plan. >>> | Monday, February 2, 2009
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