By allowing banks to hold only 1.6 percent in capital when investing in triple-A rated securities (e.g. tranches of subprime mortgages) or lending to sovereigns (i.e. like Greece, Italy and Spain), the regulations implied an authorized leverage of 62.5 to 1.

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The company is also expanding its e-commerce business abroad and began serving online customers in Italy Greece, Spain and Portugal in the third quarter.

WSJ: Ralph Lauren's 3Q profit up 27 pct