Thursday, January 11, 2007

U.S. banks tell White House of worries over Basel II

U.S. banks tell White House of worries over Basel II

A number of U.S. banks are voicing concern to the White House about upcoming changes to international capital standards. Citgroup, Wachovia and other banks are worried that the U.S. version of new standards, called Basel II, will put them at a competitive disadvantage with overseas banks

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