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Banks in $43bn capital dispute slam Swedish govt

  Bloomberg Sweden’s banks say their government is underestimating the damage that a new set of capital rules will do to the economy and public finances. The Swedish Bankers’ Association says a plan to curb the use of internal risk models to determine capital levels will cost as much as 365 billion kronor ($43 billion) in additional buffer requirements. Citing ...

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Italy leaders push banks plan

  Bloomberg Before an elite financial and business audience, Italy’s prime minister and finance minister strove to project optimism that their drive to overhaul the country’s troubled banks will succeed. But a fellow guest from the European Central Bank damped expectations with a warning the market could have the last word. The restructuring of Banca Monte dei Paschi di Siena ...

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Deutsche Bank CEO weighs drastic steps as revamp sputters

  Bloomberg John Cryan is going back to the drawing board after Deutsche Bank AG lost more than half its market value since he unveiled his overhaul last year. The chief executive officer and his top managers will meet this weekend to assess progress on the reorganization, said a person familiar with the matter. Deutsche Bank held talks over a ...

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