US sets capital surcharges for largest 8 banks
Largest 8 banks
Washington - Arab Today
The US Federal Reserve set Monday tough new capital surcharges for the country's eight largest banks in a new post-economic crisis effort to reel in "too-big-to-fail" institutions.
But of the eight, only one is currently below the new capital threshold: JPMorgan Chase, which needs to come up with an additional $12.5 billion in capital.
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