Senate approves measure to require increased capital levels

05/14/2010 | CNBC · Bloomberg Businessweek

The Senate adopted a measure that would direct regulators to increase the amount of capital financial firms are required to set aside as the companies expand or practice riskier lending. Sen. Susan Collins, R-Maine, sponsored the measure, which strives to reduce systemic risk in the financial system.

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CNBC · Bloomberg Businessweek