EU Misses Basel Bank Rules Deal, Will Revive Talks Next Week

By Rebecca Christie & Ben Moshinsky

The European Union failed to seal a deal on Basel bank rules after disagreeing on bonuses, capital requirements for big lenders and disclosure of profit and tax at talks in Brussels yesterday.

Lawmakers will resume negotiations with governments on Feb. 27 in a bid to avoid further delays after the bloc missed the new-year deadline to begin implementing the so-called Basel III accord.

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