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Citigroup (C), Deutsche Bank (DB), HSBC (HBC) and JPMorgan (JPM) will have to hold an extra 2.5%...

Citigroup (C), Deutsche Bank (DB), HSBC (HBC) and JPMorgan (JPM) will have to hold an extra 2.5% of Tier 1 Capital on top of the 7% minimum required under Basel III rules, regulators said yesterday. Barclays (BCS) and BNP Paribas will need an extra 2%, while eight banks, including BofA (BAC) and Goldman Sachs (GS), will need 1.5%. Overall, 28 banks are considered "global systemically important" and have to hold extra capital. Lloyds (LYG) has dropped off the list but BBVA (BBVA) and StanChart have joined it.
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Comments (2)
  • Aristiphones
    , contributor
    Comments (1325) | Send Message
    hahahaha. pathetic. these clowns don't have a dime. they will be lending aggressively to the real Government (aka Big Business) now tho. But not to Government at large as "the Federal Government has that covered."
    2 Nov 2012, 05:35 AM Reply Like
  • 7footMoose
    , contributor
    Comments (2266) | Send Message
    this action, although it may be warranted, will further dampen the bank's interest in making real productive loans, long live the law of unintended consequences
    2 Nov 2012, 05:48 AM Reply Like
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