Another Europe News
‘To big to fail’ banks named
http://www.euronews.net/ At the Cannes summit of the world’s leading economies, 29 banks have been named as being so important to the global financial system that they are likely to need to hold more capital reserves than their rivals.
Leaders said they will have to put in place a plan to allow them to be wound up without taxpayer help if they hit trouble.
Seventeen are from Europe, eight from the US, and just four from Asia.
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