- A quick note from KBW suggests Wells Fargo (WFC) stands to benefit from the new leverage rule approved yesterday by the nation's bank regulators. The supplementary leverage ratio (SLR) boosts the capital cushion required (to over 5% from about 2%) of the eight largest banks, but Wells could be the only one of the group to see a positive impact, says KBW, thanks to its low relative derivative exposure and larger amount of commitments. The final version passed, says the team, gives more favorable treatment than the earlier proposal.
- Banks have until 2018 to come into compliance, but KBW expects most will reach the required minimums by the end of 2015.
at CNBC.com (Tue, 9:10AM)