Largest US banks face $120 billion shortfall under new rule – Reuters

by Blog Burger on October 31, 2015


Largest US banks face $ 120 billion shortfall under new rule
Six big U.S. banks need to raise an additional $ 120 billion, most likely in long-term debt, under a rule proposed on Friday by the Federal Reserve. The requirements are aimed at ensuring that some of the biggest and most interconnected banks, which
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