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Big US banks batten down as tighter regulation looms

They are cutting bonuses, shedding staff and some speculative businesses
Wednesday, March 4, 2015 - 05:50

New York

FACED with increased regulation beginning in 2017, the major US banks are taking restructuring steps, shedding staff and some speculative businesses, and cutting bonuses.

Taking a machete to expenses, banks are speeding up disinvestments, trimming administrative budgets

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