European, U.S. Stock Futures Drop;

March 30 (Bloomberg) -- European and U.S. stock futures fell and Asian shares tumbled as the Obama administration warned that some banks will need more government aid and bankruptcy may be the best option for General Motors Corp. and Chrysler LLC. Treasuries and the yen advanced.

“There may be a lack of confidence starting to creep in,” said Geoff Wilkinson, head of research at Mint Equities Ltd. in London. “Any bad news from the banks is going to be bad news for the indexes.”