And Now An Argument That More Capital Makes Banks Less Safe
One reason that you’re in for seven lean years in the investment banking business is that bank capital requirements are going up due to Basel III, and “capital is expensive” in some loose sense, so...
View ArticleMonday Fed Roundup: Janet Yellen Says Something Scary
Janet Yellen, who may or may not be the next Ben Bernanke, would feel a whole lot better if U.S. banks kept a few more bucks handy. A majority on the Federal Reserve Board has signaled the central bank...
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