Banks Win Watered Down Liquidity Rule in Basel Deal

Jan. 7 (Bloomberg) -- Bank of England Governor Mervyn King, chairman of the Group of Governors and Heads of Supervision, and Sweden's Riksbank Governor Stefan Ingves, chairman of the Basel Committee on Banking Supervision, speak about an agreement by global central bank chiefs to water down and delay a planned bank liquidity rule to counter warnings that the proposal would strangle lending and stifle the economic recovery. Lenders will be allowed to use an expanded range of assets including some equities and securitized mortgage debt to meet the so-called liquidity coverage ratio. King and Ingves spoke yesterday at a news conference following a meeting of regulatory chiefs in Basel, Switzerland. (Source: Bloomberg)
Deutsche Bank Falls After Recommending Dividend Cut
59:30 - Deutsche Bank expects to report a net loss of 6.2 billion euros ($7 billion) for the third quarter and may eliminate its dividend for the year after taking a writedown tied to capital requirements and the disposal of its Postbank unit. Bloomberg's Scarlet Fu reports on "What'd You Miss?" (Source: Bloomberg)
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