WETA Nightly Business Report September 14, 2010
>> 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 the...
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