Citigroup Inc. (NYSE:C) executives are likely to be in a jubilant mood today, after news this morning revealed that the Basel III conditions were going to be relaxed. The news is a boon to all of the major banks in the United States, but as a research note from Buckingham Research points out, Citigroup probably gains the most from the decision. The Basel Committee on Banking Supervision announced this morning that it would ease the conditions of the accords governing the Liquidity Coverage Ratio of banks. The LCR is the ratio of High quality Liquid Assets of a 30 day net cash…
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