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

Wall Street bank CEOs reject regulator proposals to increase capital requirements claiming it will hinder economic growth and burden Americans. AMD unveils new MI 300 Accelerator Chip for AI development. Other topics include Moody's downgrading Chinese banks, Italy exiting Belt and Road initiative, tensions between Washington, Brussels, and Beijing, national security, politics, technology, and the impact of Basel 3N on US banks and European competitors.