Hypo Venture Capital Headlines: Bank capital fight spills into U.
S.
Congress
By Kevin Drawbaugh and Dave Clarke
WASHINGTON | Thu Jun 16, 2011 5:14pm EDT
http://www.
reuters.
com/article/2011/06/16/us-financial-regulation-idUSTRE75F4MR20110616
(Reuters) –...
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Hypo Venture Capital Headlines: Bank capital fight spills into U.
S.
Congress
By Kevin Drawbaugh and Dave Clarke
WASHINGTON | Thu Jun 16, 2011 5:14pm EDT
http://www.
reuters.
com/article/2011/06/16/us-financial-regulation-idUSTRE75F4MR20110616
(Reuters) – The fight by big banks against higher capital standards came to the Congress on Thursday
where Republicans held a hearing to air Wall Street concerns about regulation and its impact on profits.
Little more than two years since taxpayer bailouts were needed to firm up banks’ flimsy balance sheets,
governments on both sides of the Atlantic are moving to force the banks to hold more capital and be
better prepared for future crises.
Banks are resisting, however, and remarks made at a U.
S.
House of Representatives hearing showed they
have support among many Republicans and some Democrats, with the 2007-2009 credit crisis growing
fainter in the rear-view mirror.
Citing concerns about international competitiveness and the availability
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