Basel Capital Revamp: Lobbying by world banks is paying off as they seem to be winning over a number of protections for investors and let’s not forget 2008 and how banks put everyone In the cart in more ways than one – @AceFinanceNews

#AceFinanceNews – Sept.08: Banks Win Converts in Campaign to Blunt Basel Capital Revamp – Bloomberg

The worlds largest banks are into the home stretch of a long campaign to convince politicians and regulators that planned changes to their capital requirements will suffocate the industry and imperil lending and growth.

All that lobbying is paying off ….

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