Cohn says 'too big to fail' banks got bigger through post-crisis U.S. rules
By Anna Irrera NEW YORK (Reuters) - Regulations implemented since the 2007-2009 financial crisis have only made the biggest U.S.
By Anna Irrera
NEW YORK (Reuters) - Regulations implemented since the 2007-2009 financial crisis have only made the biggest U.S. banks bigger and hurt competition in the industry, Gary Cohn, the former director of the U.S. National Economic Council said on Monday at an event hosted by Reuters Breakingviews.
"We haven't ended 'too big to fail,'" Cohn said. "We made rules and regulations that made (the big banks) bigger. Congratulations."
(Reporting by Anna Irrera; Writing by Lauren Tara LaCapra; Editing by Lisa Shumaker)
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By Robin Emmott and John Irish | BRUSSELS/PARIS BRUSSELS/PARIS France and Germany will agree to a U.S. plan for NATO to take a bigger role in the fight against Islamic militants at a meeting with President Donald Trump on Thursday, but insist the move is purely symbolic, four senior European diplomats said.The decision to allow the North Atlantic Treaty Organization to join the coalition against Islamic State in Syria and Iraq follows weeks of pressure on the two allies, who are wary of NATO confronting Russia in Syria and of alienating Arab countries who see NATO as pushing a pro-Western agenda."NATO as an institution will join the coalition," said one senior diplomat involved in the discussions. "The question is whether this just a symbolic gesture to the United States
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