Mnuchin Open to Looser Bank Liquidity Rules Backed by Dimon
(Bloomberg) -- U.S. Treasury Secretary Steven Mnuchin is open to loosening financial crisis-era regulations that have stiffened liquidity rules for big banks to relieve possible cash crunches in short-term funding markets.Mnuchin said in an interview Tuesday that he had spoken to Jamie Dimon, chief executive of JPMorgan Chase & Co., and other banks about how to avoid liquidity problems.“The banks have raised an issue around intra-day liquidity, and that is something that makes sense fo
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