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US Fed official calls for increase to bank capital requirements
US Fed official calls for increase to bank capital requirements
by  AFP

A senior Federal Reserve official has proposed raising capital requirements for large US banks as part of a "comprehensive" series of measures to tighten banking regulation and supervision. Other proposals he put forward include introducing a long-term debt requirement for all large banks.

UK telecoms firm BT announces exit of chief executive
UK telecoms firm BT announces exit of chief executive
by  AFP

British telecoms group BT on Monday announced the departure of chief executive Philip Jansen, two months after the group axed up to 55,000 jobs to slash costs. "Philip Jansen has informed the board that at an appropriate moment over the next 12 months he intends to step down from his role," the group said in a statement.

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