G20 finance chiefs back Europe bank rescue

NEW YORK (CNNMoney) — Finance ministers from the world’s largest economies pledged Saturday to take “all necessary actions” to stabilize global financial markets and ensure that banks are well capitalized.

“We will ensure that banks are adequately capitalized and have sufficient access to funding to deal with the current crisis,” the Group of 20 finance ministers said in a statement issued after a two-day meeting in Paris.  Read more

Categories: Economics, United States

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