News, analysis and personal reflections on the markets & the financial sector

Monday, September 21, 2009

Banks' profit likely to suffer under revamped financial rules

Leaders from the Group of 20 nations will meet in Pittsburgh this week to discuss overhauling financial regulations to prevent future crises. The rules, including increased capital requirements, likely would hinder banks' profit. "It may not be good news for shareholders, but it would be good news for the system as a whole," says Hyun Shin, a Princeton University economist.

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