Summary
WASHINGTON - Treasury Secretary Timothy Geithner said Wednesday that U.S. banks are in a good position to meet new global capital standards because of the stress tests conducted in the United States last year.
In testimony to the House Financial Services Committee, Geithner praised the new global rules on capital adopted at a meeting earlier this month in Basel, Switzerland.See the full content of this document
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Geithner Praises New Capital Standards
He said that stress tests conducted in the spring of 2009 in the U.S. forced banks to raise needed capital, the cushion that...
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