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Schlosstein Says Volcker Rule Will Boost Costs

Feb. 14 (Bloomberg) -- Ralph Schlosstein, president and chief executive officer of Evercore Partners Inc., talks about action by the world’s largest banks to escalate the lobbying effort against the Volcker rule five months before it takes effect. The rule will limit banks from trading on their own behalf and from investing in private-equity and hedge funds. Schlosstein, speaking with Betty Liu on Bloomberg Television's "In the Loop," also discusses Moody’s Investors Service's cut in the debt ratings of six European countries, citing Europe’s debt crisis. (Source: Bloomberg)

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