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US regulators to face lawsuit if landmark Wall Street rule isn’t eased
24.12.2013. | The American Bankers Association is threatening to file a lawsuit against US authorities to ease the landmark 'Volcker rule'. The banks claim rule restrictions on trust preferred securities (TruPS), may inflict billions of dollars in losses to 300 banks.
CEO of the American Bankers Association (ABA) Frank Keating made the claim in a letter to......
