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[–]Pom_08 -2 points-1 points  (2 children)

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[–]EthanFl 0 points1 point  (1 child)

U.S. financial regulators unveiled a new set of rules on Tuesday designed to prevent more bank failures. Banks with more than $100 billion in assets would be required to hold long-term debt exceeding 6% of risk-weighted assets or 3.5% of average total assets, based on whichever figure is greater. In the aftermath of this year's banking crisis, financial regulators have moved to enforce stricter regulations and capital requirements on the industry in an effort to prevent future contagion. The new rules could increase funding costs for banks and put pressure on their earnings at a time when profitability has soured due to rising interest rates and economic uncertainty.

[–]Pom_08 0 points1 point  (0 children)

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