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Fed's Tarullo to Barclays and Deutsche Bank: I See What You Did There

Receiving Wide Coverage ...

Nice Try, Guys: The Fed will require foreign banks with major operations here to house them in entities subject to the same capital rules as U.S. banks, central bank Gov. Daniel Tarullo said. The papers interpret his speech as a thinly veiled repudiation of Deutsche Bank and Barclays, which moved their stateside investment banking shops out of Fed-supervised holding companies to avoid having to inject them with billions of dollars. The Journal's…

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