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Regulators to Banks: You Need to Hold Less Money

Basel Committee eases rules on liquid holdings

By Neal Colgrass,  Newser Staff

Posted Jan 6, 2013 2:05 PM CST

(Newser) – Banks around the world breathed a sigh of relief today when regulators agreed to ease rules on liquid holdings, Bloomberg reports. Facing a barrage of criticism, the Basel Committee on Banking Supervision agreed to let banks hold less cash—at least for now—and a...   Read full story »

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