Banks soar on 'Basel delay'
China Daily | Updated: 2009-12-17 08:02
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Pedestrians pass a Banco Santander SA branch in Sao Paulo, Brazil. Expected changes include raising the minimum capital ratio for global banks. Bloomberg News |
AMSTERDAM: Shares in European banks rose sharply yesterday after sources said regulators planned a long grace period on new capital rules, possibly saving banks from having to raise big amounts of money in a short timeframe.
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