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Two Senators Urge Raising Large-Bank Capital Demand

Two Senate Banking Committee lawmakers sent a letter to Federal Reserve Chairman Ben S. Bernanke urging the central bank to require the largest U.S. banks to hold more capital.

Senators David Vitter, a Republican from Louisiana, and Sherrod Brown, a Democrat from Ohio, said regulators should demand higher capital for globally systemically important institutions and that the current proposed standards are a ’’baby step in the correct direction.’’