![]() ![]() ![]() The aim is to ensure taxpayers will never again be called on to foot the bill in a major banking crisis. They include Germany’s second-largest lender Commerzbank and Britain’s Royal Bank of Scotland which on the same day announced their latest quarterly profits had taken a hit from loans to Greece. Seventeen are from Europe, eight from the US, and just four from Asia. Leaders said they will have to put in place a plan to allow them to be wound up without taxpayer help if they hit trouble. At the Cannes summit of the world’s leading economies, 29 banks have been named as being so important to the global financial system that they are likely to need to hold more capital reserves than their rivals.
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