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New rules ‘no sweat’ for banks

<strong>WASHINGTON.</strong> Treasury Secretary Timothy Geithner said yesterday thatU.S. banks can meet new higher capital rules through future profitswithout crimping lending and harming economic recovery.


WASHINGTON. Treasury Secretary Timothy Geithner said yesterday that U.S. banks can meet new higher capital rules through future profits without crimping lending and harming economic recovery.


Echoing recent comments from other top international financial regulators, Geithner said the new Basel III capital rules would not be a crushing burden on banks.

 
 
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