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5/29/10

United States and Germany remain divided over financial regulation issues - by Howard Schneider

Top U.S. and German officials on Thursday acknowledged differences over key financial regulation issues, and they said a "broad agreement" on basic concepts may not produce uniform rules in all the world's capital markets.

After what German Finance Minister Wolfgang Schaeuble described as "very intense discussions," Treasury Secretary Timothy F. Geithner ended a two-day European trip meant to smooth out differences in how the major economies are approaching financial regulation in the wake of the recent crisis. It is not clear how much progress he made.

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