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BIS  calls summit on risk fears

The Bank of International Settlements (BIS) has asked top central bankers and banking executives to attend a meeting in Basel amid concerns that financiers are returning to the “excessive risk taking” that helped cause the financial crisis. The BIS said it had received reports that “financial firms are returning to the agressive behaviour that prevailed in the pre-crisis period”. BlackRock’s Larry Fink, Citigroup’s Vikram Pandit and Wells Fargo’s John Stumpf are among the banking bosses that are said to have been invited to the summit.