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JPMorgan CEO says bank rules anti-American: report | Reuters

JPMorgan CEO says bank rules anti-American: report | Reuters: "
The Basel III capital rules are designed to increase the safety of the financial system by making banks build up risk-absorbent "core tier one" capital to at least 7 percent of risk-weighted assets. The biggest, including JPMorgan, have to reach 9.5 percent."

What it comes down to is that American banks don't like to be regulated.

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