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Page last updated at 17:12 GMT, Thursday, 21 January 2010

Obama proposes limits for US banks

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US President Barack Obama has proposed limits to the size of banks to try to prevent future financial crises.

His proposals also include limits on the amount of risk banks can take, and banning retail banks from trading from their own money.

"Never again will the American taxpayer be held hostage by banks that are too big to fail," Mr Obama said.

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