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Real Reasons That Bankers Don’t Like Basel Rules: Clive Crook

Dec. 21 (Bloomberg) -- The Federal Reserve, according to reports, has decided that big U.S. banks will have to comply with an emerging new global rule on capital. It’s a move the banks have fought, arguing that it will increase their costs and discourage lending.

If they are about to lose this argument, that’s good news. The new rule isn’t too demanding. It’s not demanding enough.