candragartrellft
@candragartrellft
According to the latest Basel plan, the Federal Reserve, the Federal Deposit Insurance Corporation (FDIC) and the Office of the Comptroller of the Currency (OCC) plan to reduce the increase in capital requirements for large banks. The original proposal required a 19% increase in capital, but now it has been adjusted to a 9% increase. This revision will affect several large banks including JPMorgan Chase, Bank of America, Wells Fargo and Citigroup.
0 reply
0 recast
0 reaction