Basel

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Global Bank Rules 'Anti-US': JPMorgan CEO

Jamie Dimon suggests US exit Basel group

(Newser) - A new set of international banking regulations are “anti-American,” the CEO of JPMorgan Chase tells the Financial Times —so much so that the US should seriously consider quitting the regulatory group that set the rules. The Basel group’s new regulations require banks to balance risk-taking by... More »

World's New Banking Rules Are 'Welcome Stuff'

Tough standards are more than lip service

(Newser) - The new rules for the world's banking industry emerging from Switzerland today have some real bite to them, writes Felix Salmon at his Reuters financial blog . In broad strokes, banks will be required to hold more capital in reserve to fend off another meltdown. Banks complain that the new standards—... More »

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