U.S. to Unveil Measures Allowing Large Firms to Borrow From Government In Case of Failure |
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The following is a summary of the main economic events from the Asia-Pacific and European sessions: AP: U.S. Treasury and Rep. Barney Frank have agreed not to make financials pay upfront for their dismantlement if regulators decide they’ve become ‘too-big-to-fail’, according to an AP source familiar with the matter; the firms would instead be permitted to borrow from Uncle Sam; the source says the proposal will be announced on Tuesday EDT. RTRS interview: PBOC Vice-Governor Yi Gang says China
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