Small, midsize U.S. banks need to raise more capital, IMF financial study finds
The U.S. financial system remains under stress, with small and midsize banks in particular potentially needing to raise more capital, according to a new report from the International Monetary Fund that shows the continuing strains facing the U.S. economy. International Monetary Fund - Financial services - Business - Economic - International
India 707 all out vs. Sri Lanka
India was dismissed for 707 in its first innings of the second test against Sri Lanka and had a 46-run lead at lunch on Friday's final day of a match that looks headed for a draw. India's massive total was largely built around Sachin Tendulkar's fifth test double hundred while Suresh Raina made a debut century.
India dismissed for 707 as test crawls towards draw
India batted for a further 100 minutes on the fifth morning of the second test on Friday before Sri Lanka finally dismissed the last man after the tourists had amassed 707 runs, the highest total ever made by a visiting team.
Why Higher Capital Standards Are Needed
At one level, the pursuit of higher and more robust capital requirements for banks is not going well. The United States Treasury insisted, throughout the yearlong financial reform debate, that capital should be the focus increasing the loss-absorbing buffers that banks must carry and that it (and other regulators) needed to negotiate this is through the Basel Committee process.
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