More sh*t for 8 largest US banks to worry about this week.. Some worry that this new move by the regulators to force an increase in Leverage Ratio will require the 8 largest lenders in the US to add $68 Billion to level. Some worry that this will limit their ability to grow. It will certainly limit their ability to innovate.
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Top 8 US Banks to Get Higher Capital Requirement
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The requirement, which will affect banks such as Citigroup Inc., J.P. Morgan Chase JPM & Co. and Goldman Sachs Group Inc., comes as U.S. agencies ratchet up pressure on large, complex firms to ensure they can survive periods of turmoil without a government rescue. The rule will require banks to either shed assets or raise additional cash from investors, a move that some warn could limit their growth but which regulators say will protect their ability to lend during a downturn.
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