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Banks Sit Out Riskier Deals
The Wall Street Journal (online registration required): Regulatory pressures are pushing many of the biggest banks to pass on financing lucrative deals, as Washington targets excessive borrowing.
Bank of America Corp., Citigroup Inc. and J.P. Morgan Chase & Co. are among lenders that have in recent months decided against financing some corporate takeovers partly out of concern the deals will run afoul of new guidelines.
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