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(Gloria Nieto/The Globe and Mail)

Global bank lending thrives despite tough new capital rules

So much for that old chestnut.

As global banking regulators hashed out new rules in the wake of the financial crisis, a slew of lobbyists and bankers argued that tougher capital standards would hurt the economic rebound. If the banks had to hold more capital, they would have to cut back on their lending, the thinking went, hindering business expansion.