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Prince Harry is back in the spotlight after his eco-travel initiative, Travalyst, reported a five-figure loss. The Duke of Sussex launched the non-profit venture in 2019 with the goal of making travel more sustainable. Travalyst has maintained that the loss was planned and formed part of an investment in the organization’s future.

D.C. – Christopher Appel, Director of Banking Policy at Better Markets,issued the following statement in response to the Basel Committee on Banking Supervision’s (Basel Committee)announcementthat it will seek public comment on the treatment of cross-border exposures in the so-called “European Banking Union” in the Basel Committee’s global systemically important bank (GSIB) framework: