The U.S. Federal Reserve on Friday proposed delaying a new rule limiting foreign...
FILE PHOTO: The Federal Reserve building is pictured in Washington, DC, U.S., August 22, 2018. REUTERS/Chris Wattie
With the proposed 18-month delay, foreign banks would not have to comply with the new restrictions until July 1, 2021 for larger banks, and the beginning of 2022 for smaller firms.
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