Fed Imposes Tougher Bank Finance Rules

The U.S. central bank has imposed stiffer operating rules for the country’s banks in an effort to prevent them from failing and threatening American economic prospects.
The Federal Reserve Tuesday set the new rules, requiring banks to hold more money in reserve against bad debts. The rules exceed the guidelines set in recent years by the world’s financial leaders in the aftermath of the worldwide economic downturn in 2008 that was caused in part by risky lending.
The …

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