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Non-Tech : Banks--- Betting on the recovery -- Ignore unavailable to you. Want to Upgrade?

To: Asymmetric who wrote (1234)	11/13/2010 11:00:07 AM
From: Sr K	Read Replies (1) \| Respond to of 1428

BUSINESS \| NOVEMBER 13, 2010 Dividend Tap Set to Open Fed to Issue 'Conservative' Guidelines for Banks Soon. By LUCA DI LEO Federal Reserve governor Daniel Tarullo said the U.S. central bank would soon issue "conservative" guidelines on how banks will be able to change their dividend policy, marking the first time since the financial crisis the Fed might allow banks to increase their dividends. ... Leaders from the Group of 20 leading economies Friday approved rules to limit risk at the world's largest banks by requiring companies to hold capital reserves that are at least double what was needed in the past. Big global banks like Bank of America Corp. and HSBC Holdings PLC will have to hold capital levels equivalent to 7% of their assets. Governments also have made it harder for banks to find loopholes around the rules by moving assets off their balance sheets. wsj.com