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Basel Panel Has Accord on Capital Rules, But Busy Weekend Ahead

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The Basel Committee on Banking Supervision reached an agreement Tuesday on new capital requirements for banks, but stopped short of giving details of the final proposal until a ...

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The $25 billion mortgage robo-signing settlement is:
Political extortion from the banks in an election year
A slap on the wrist — the banks put reserves away for this long ago, they won't even feel it
A source of relief for both banks and homeowners that could help the housing market and economy recover
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