Banks protest against new stock trading rule
By Christine Harper | China Daily | Updated: 2012-01-30 08:18
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John Walsh, the United States acting comptroller of the currency, testifies at a House Financial Services joint subcommittee hearing on the impact of the so-called Volcker rule on markets and the economy in Washington. Joshua Roberts / Bloomberg |
DAVOS, Switzerland - Bank of Canada Governor Mark Carney said he's concerned the United States regulators' recent efforts to prevent deposit-taking banks from trading with their own money could make markets less efficient.
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