Regulatory Action Should Be Positive for Banks

On Tuesday, U.S. regulators, in addition to adopting risk-weighted capital standards derived by the Basel Committee, approved a near doubling of leverage-ratio minimums for the eight largest U.S. banks: JPMorgan (JPM), Citigroup (C), Bank of America (BAC), Wells Fargo (WFC), Morgan Stanley (MS), Goldman Sachs (GS), Bank of New York (BK) and State Street (STT).

The resulting supplemental leverage ratio (SLR) would require the eight systemically important financial institutions (SIFIs) to raise as much as $63 billion to $89 billion in Tier 1 common equity by 2019, at the holding company and insured-depository levels....662 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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