Tuesday, 23 November 2010


Top banks face $100 billion Basel shortfall: report: 

The new Basel III banking rules will leave the biggest U.S. banks short of between $100 billion and $150 billion in equity capital, with 90 per cent of the shortfall concentrated in the top six banks.


Buffett Tells ABC Rich Americans Should Be Paying `A Lot' More in Taxes: 

Billionaire Warren Buffett said that rich people should pay more in taxes and that Bush-era tax cuts for top earners should be allowed to expire at the end of December.