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Mnuchin Open to Looser Bank Liquidity Rules Backed by Dimon

  • Regulators should address daily liquidity issues, Mnuchin says
  • Senator Warren has warned not to loosen crisis-era regulations
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Treasury Secretary Steven Mnuchin says he is open to loosening financial crisis-era regulations. Alex Harris reports.Markets: European Close." (Source: Bloomberg)
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U.S. Treasury Secretary Steven Mnuchin is open to loosening financial crisis-era regulations that have stiffened liquidity rules for big banks to relieve possible cash crunches in short-term funding markets.

Mnuchin said in an interview Tuesday that he had spoken to Jamie Dimon, chief executive of JPMorgan Chase & Co., and other banks about how to avoid liquidity problems.