Fed Raises Capital Requirements for Banks

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Fed Raises Capital Requirements for Banks – Wall Street Journal (subscription)
The Federal Reserve sent a message to the largest US financial firms: staying big is going to cost you. The Fed’s warning, articulated in a pair of rules it finalised Monday, is among the central bank’s starkest post-crisis regulatory moves pressing Wall Street banks to reconsider their size and appetite for risk.
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Greece’s Parliament Passes Austerity Measures Required for Bailout

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Greece’s Parliament Passes Austerity Measures Required for Bailout – Wall Street Journal (subscription)
Greece’s Parliament passed austerity measures needed to secure a fresh bailout, but a rebellion within the ruling Syriza party is testing whether Prime Minister Alexis Tsipras can hold his government together as he seeks to complete the deal.

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