Banks to meet with Fed over proposal to limit exposure

The leaders of some of the largest banks in the U.S. are scheduled to meet with Daniel Tarullo, a Federal Reserve Board governor, to discuss proposed changes, particularly a proposal to limit the lenders' exposure to companies and governments. Bank executives say the rule could hinder liquidity and hurt growth. The rule could hit particularly hard at banks with large derivatives operations because it would restrict net credit exposures between the biggest financial firms.

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