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Sunday, June 10, 2012

U.S. banks face $60B gap under Basel III.

 America's 19 biggest banks are at least $50B short of meeting Basel III requirements under new rules that the Fed approved yesterday, with smaller lenders about $10B short. The Fed surprised the sector by voting in favor of applying the complex regulations to all 7,307 U.S. banks, including even the smallest lenders

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