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Wall Street bank bosses warn lawmakers over new regulations

The top bosses of JPMorgan, Morgan Stanley, Citigroup and other Wall Street banks will warn lawmakers that capital hikes and new regulations will hurt the economy, according to prepared congressional testimony published on Tuesday. The CEOs of the country's eight largest banks will appear before the Senate Banking Committee on Wednesday. The Basel rule, being drafted by bank regulators led by the U.S. Federal Reserve, would "unjustifiably and unnecessarily" increase capital requirements by 20% to 25% for the largest banks, forcing them charge more for services or stop offering them altogether, Dimon will warn. ....

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Wall Street bank bosses warn lawmakers over new regulations

The top bosses of JPMorgan, Morgan Stanley, Citigroup and other Wall Street banks will warn lawmakers that capital hikes and new regulations will hurt the economy, according to prepared congressional testimony published on Tuesday. The CEOs of the country's eight largest banks will appear before the Senate Banking Committee on Wednesday. The Basel rule, being drafted by bank regulators led by the U.S. Federal Reserve, would "unjustifiably and unnecessarily" increase capital requirements by 20% to 25% for the largest banks, forcing them charge more for services or stop offering them altogether, Dimon will warn. ....

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U.S. bank CEOs expected to protest regulation push before Congress

The top bosses of JPMorgan, Bank of America, Citigroup, Wells Fargo and other major banks are expected to warn lawmakers this week that capital hikes and other new regulations will hurt the economy and should be indefinitely shelved. Worker pay and rights, climate change, mortgages, and financial stability are also likely to feature when the CEOs of the country's eight largest banks appear before the Senate Banking Committee on Wednesday, said executives and analysts. ....

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The Long March Through the Corporations

The Long March Through the Corporations
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William S. Edgerly, who revived State Street Bank's fortunes, dies at 96

"Bill Edgerly was great for the City of Boston," former mayor Raymond L. Flynn said of Mr. Edgerly's key leadership initiatives in civic affars. ....

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