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Basel Group Said to Keep Capital-Surcharge Plans for Banks

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Global regulators will stick to planned capital surcharges of as much as 2.5 percent for the world’s biggest banks while adjusting how the levies are calculated, according to a person familiar with the talks.

The Basel Committee on Banking Supervision decided against changing the surcharge levels during talks today and yesterday amid criticisms from banks including BNP Paribas SA and Citigroup Inc. that the measures may stymie the financial system’s recovery, according to the person, who spoke on condition of anonymity because the talks are private.