U.S. Fed Toughens Capital Rule for Foreign BanksMani
The Federal Reserve Board on Tuesday approved tight new rules for foreign banks to shield the U.S. taxpayer from costly bailouts.
The Federal Reserve has thus given only minor concessions despite pressure from abroad to weaken the rule.
$50 billion threshold for foreign banks
According to the new rules, the largest foreign banks exclusively for paying members. Access all of our content on including years of timeless investment news and in depth analysis for only a few dollars a month by signing up here while also supporting quality content and journalism, or learn more about our premium content here
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