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Trump’s tinkering threatens Obama’s bank safeguards

Banking

Trump’s tinkering threatens Obama’s bank safeguards

The Telegraph - By David Millward

For decades the bankers worked on what was known as the “3-6-3” rule. They would borrow at 3 per cent, lend at 6 per cent and be on the golf course at 3pm. As time passed the industry found a host of new ways of making money, devising a Byzantine web of financial products. But while growing …

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