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US Restricts Banks' Securities Trading

The United States has approved new rules to restrict securities trading by banks in a new effort to prevent risk-taking that helped ignite the 2008 financial crisis.Five U.S. financial regulatory agencies adopted rules Tuesday that will mostly bar banks from making trades for their own profits. The agencies have been debating the regulations for three years, with some of Wall Street's biggest financial institutions voicing their strenuous opposition. The new rules will take effect in the...

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