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Bank CEOs Reject Regulator Proposals, Italy Exits Belt and Road Initiative

Bloomberg Daybreak: Asia Edition

00:00

Wall Street CEOs Fight Proposed Regulations

CEOs of big banks oppose regulations requiring them to set aside more cash, arguing it will hinder lending to underrepresented communities. Critics argue banks can still lend to lower income borrowers and small businesses, while raising concerns about potential benefits for non-bank players.

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