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By Emily Stephenson and Douwe Miedema WASHINGTON (Reuters) - U.S. regulators toughened key sections of the Volcker rule's crackdown on Wall Street's risky trades on Tuesday as they finalized one of the harshest reforms after the credit meltdown. The rule - named after former Federal Reserve Chairman Paul Volcker, who championed the reform - generally bans banks from proprietary trading, or speculative trading for their own profits. ...
A Bangladeshi Islamist leader convicted of mass murder and rape during the country's 1971 independence war against Pakistan will be hanged just after midnight, officials said Tuesday. Bangladesh's secular government is going ahead with the execution despite a global outcry with two UN experts and a rights group saying the 65-year-old leader of the Jamaat-e-Islami party should have been allowed to appeal to the country's highest court. Security has been tightened outside the jail in Old Dhaka where Molla is set to become the first person executed for war crimes dating back to Bangladesh's bloody birth, amid worries the hanging could trigger massive protests in the unrest-plagued country already reeling from political violence. "He will be executed after 12.01pm (1801 GMT) tonight as all legal process has been exhausted," Bangladesh's deputy law minister Quamrul Islam told AFP.
By Ben Klayman DETROIT (Reuters) - General Motors Co said on Tuesday Chief Executive Officer Dan Akerson will step down next month and be replaced by global product development chief Mary Barra, who will become the first woman to lead a global automaker. The day after the U.S. Treasury announced it had sold the last of its GM shares, the company said in a statement that Akerson, who is also the chairman, will leave on January 15, moving forward his planned departure by several months. Barra, 51, GM's executive vice president for global product development, purchasing and supply chain, was elected by the board as the next CEO and will become a director. Theodore Solso, 66, will succeed Akerson, 65, as chairman.