British Banks Face Most Radical Overhaul In Decades | WAMU 88.5 - American University Radio
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British Banks Face Most Radical Overhaul In Decades

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Britain is set to change its financial laws. Officials say it's an attempt to prevent taxpayers from ever again having to spend tens of billions of dollars to save banks from collapse. Among other things, banks would be required to set aside more money as a cushion against possible losses.
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