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February 12, 2013
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News on the capital markets, securities and financial industry

SmartBrief wishes to apologize for an error reported in today's Morning Bell story regarding the status of Rep. John Campbell's legislation addressing banks. The headline inaccurately stated that the bill was approaching a House vote. The bill is not scheduled for any action in the U.S. House at this time. Furthermore, the bill has yet to be introduced. Again we apologize for the error. Below please find a corrected version of the story from today's SIFMA SmartBrief.
  • "Too-big-to-fail" bill to be introduced
    Rep. John Campbell, R-Calif., said he plans to offer legislation intended to expand bank capital requirements. "If you want to stay big that's fine, you can stay big. But it's going to be rather expensive," Campbell said. The bill would require banks with more than $50 billion in assets to hold an extra level of capital to ensure against the possibility of short-term funding disappearing. Bloomberg (2/11), (free registration)/Bloomberg (2/11) LinkedInFacebookTwitterEmail this Story
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