DAVOS, Switzerland (AP): Regulators from the world's major developed countries have told bankers far and wide in Davos that greater regulation is on the way, a defensive move aimed at avoiding a repeat of last year's financial meltdown that dragged most of the world into recession.
U.S. Rep. Barney Frank said Saturday a bank tax and other tough new measures would be introduced by the individual countries but in a coordinated way to prevent bankers from moving from one place to another to escape regulation.
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