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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.
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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