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 »


NEWS FROM OUR PARTNERS
Other Sites We Like:   The Street   |   24/7 Wall St.   |   BuzzFeed   |   Cracked   |   World History Project   |   POPSUGAR Tech   |   Business Insider   |   HuffPost Entertainment