this program is made possible by contributions to your pbs station from viewers like you. captioning sponsored by wpbt susie: good evening everyone. bank stocks rallied today, and they gave a boost to the dow. behind the move, tom, new global banking rules agreed to over the weekend in basel, switzerland. the requirements aim to prevent financial crises in the future, and to make the global banking system safer. tom: the most critical reform, susie, is a rule requiring banks to raise their capital cushion. in some cases, banks will triple the funds on reserve. many american banks already meet these standards, but european firms may need to raise more money. regulators around the world have been wrangling over these so- called basel reforms since last year. susie: now that the deal is done, suzanne pratt reports banks can try to get back to business. reporter: the collective sigh of relief was almost audible on wall street today, and in the offices of many u.s. banks.
susie: good evening everyone. bank stocks rallied today, and they gave a boost to the dow. behind the move, tom, new global banking rules agreed to over the weekend in basel, switzerland. the requirements aim to prevent financial crises in the future, and to make the global banking system safer. tom: the most critical reform, susie, is a rule requiring banks to raise their capital cushion. in some cases, banks will triple the funds on reserve. many american banks already meet these standards, but european firms may need to raise more money. regulators around the world have been wrangling over these so- called basel reforms since last year. susie: now that the deal is done, suzanne pratt reports banks can try to get back to business. reporter: the collective sigh of relief was almost audible on wall street today, and in the offices of many u.s. banks. not only are the new capital standards looser than expected, but there s nearly a ten-year phase-in considered an eter
this program is made possible by contributions to your pbs station from viewers like you. captioning sponsored by wpbt susie: good evening everyone. bank stocks rallied today, and they gave a boost to the dow. behind the move, tom, new global banking rules agreed to over the weekend in basel, switzerland. the requirements aim to prevent financial crises in the future, and to make the global banking system safer. tom: the most critical reform, susie, is a rule requiring banks to raise their capital cushion. in some cases, banks will triple the funds on reserve. many american banks already meet these standards, but european firms may need to raise more money. regulators around the world have been wrangling over these so- called basel reforms since last year. susie: now that the deal is done, suzanne pratt reports banks can try to get back to business. reporter: the collective sigh of relief was almost audible on wall street today, and in the offices of many u.s. banks.
susie: good evening everyone. bank stocks rallied today, and they gave a boost to the dow. behind the move, tom, new global banking rules agreed to over the weekend in basel, switzerland. the requirements aim to prevent financial crises in the future, and to make the global banking system safer. tom: the most critical reform, susie, is a rule requiring banks to raise their capital cushion. in some cases, banks will triple the funds on reserve. many american banks already meet these standards, but european firms may need to raise more money. regulators around the world have been wrangling over these so- called basel reforms since last year. susie: now that the deal is done, suzanne pratt reports banks can try to get back to business. reporter: the collective sigh of relief was almost audible on wall street today, and in the offices of many u.s. banks. not only are the new capital standards looser than expected, but there s nearly a ten-year phase-in considered an eter
this program is made possible this program is made possible by contributions to your pbs station from viewers like you. captioning sponsored by wpbt susie: good evening everyone. bank stocks rallied today, and they gave a boost to the dow. behind the move, tom, new global banking rules agreed to over the weekend in basel, switzerland. the requirements aim to prevent financial crises in the future, and to make the global banking system safer. tom: the most critical reform, susie, is a rule requiring banks to raise their capital cushion. in some cases, banks will triple the funds on reserve. many american banks already meet these standards, but european firms may need to raise more money. regulators around the world have been wrangling over these so- called basel reforms since last year. susie: now that the deal is done, suzanne pratt reports banks can try to get back to business. reporter: the collective sigh of relief was almost audible on wall street today, and in th