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Larry Summers: JPMorgan loss proves banks need bigger capital cushion -- Freeland File

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Published on May 15, 2012

JP Morgan's $2 billion-plus trading loss signals that U.S. banks need larger safety buffers, capital requirements and levels of liquidity to avoid catastrophe, former U.S. Treasury Secretary Larry Summers tells Reuters Digital Editor Chrystia Freeland in this edition of Freeland File. (May 16, 2012)

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