Business Comment: Obama's Reforms Risk Creating Banks That Like to Say No

Summary


PRESIDENT Barack Obama has picked a fight with the banking sector that is in danger of creating more problems than it solves.

For a start, the global nature of banking makes it particularly difficult to introduce change without co-operation from other nations.

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Business Comment: Obama's Reforms Risk Creating Banks That Like to Say No

The G20 may have pledged to work together, but co-ordinated action is rarely achieved. Just ask those who attended the Copenhagen summit on climate change.

The British government has imposed its own clamp...

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