Fed proposes big banks hold more cash

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Fed proposes big banks hold more cash

Fed proposes big banks hold more cash
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Fed proposes big banks hold more cash

CBSTV Videos 1:06 mins

The Federal Reserve wants to make sure big banks can survived another severe economic downturn, like the 2008 financial crisis. The Fed is proposing that big banks keep enough cash, government bonds and other high-quality assets on hand at all times. The new rules would be phased in starting in 2015.

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