Thomas Curry, Comptroller of the Currency of the United States, talks about the financial industry's proposal to raise standards around how banks take risks. The measure would affect institutions with at least $50 billion in assets.
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The White House voiced concern that legislation the U.S. Senate is expected to approve this week designed to press China to let its currency rise could violate international trade rules.
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New international bank capital rules are “anti-American” and the US should consider pulling out of the Basel group of global regulators, Jamie Dimon, chief executive of JPMorgan Chase, has said.
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Dmitry Medvedev has made clear he would like a second term as Russian president but said he and prime minister Vladimir Putin would not run against each other next year, he told the FT.
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The foreign exchange market has turned upside down and the dollar no longer has an anchor as investors grapple with the implications of quantitative easing, discussions to raise the debt ceiling and the recent slowdown in US growth, according to David Bloom, the global head of foreign exchange...
Ireland's government moved on Monday to quash speculation it would be forced to seek a second EU-IMF bailout and said it would make a tentative return to international debt markets in the final quarter of next year.
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