New standards approved, requiring big foreign banks to increase capital held in the U.S. Borrowing costs may rise as a result.
By Yalman Onaran, Bloomberg|February 19, 2014 at 12:20 PM|Originally published on Treasuryandrisk.Com
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The Federal Reserve approved new standards for foreign banks that will require the biggest to hold more capital in the U.S., joining other countries in erecting walls around domestic financial systems.