U.S. urges Europe to strengthen banking system

WASHINGTON (MarketWatch)
European leaders must pick up the pace of actions to stem the financial crisis, a U.S. Treasury official said Monday
In a brief statement, the official said that progress should be made ahead of the Group of 20 leaders summit in two weeks
"Movement to strengthen the European banking system willl be of particular importance in this time period," said the official, who spoke under the condition that he not be identified