Global Regulators Suggest The World’s Largest Banks Raise More Capital

“Citigroup [C  37.95    0.57  (+1.52%)   ], Deutsche Bank [DB  46.59    0.88  (+1.93%)  ], HSBC [HSBA-LN  621.60    -3.40  (-0.54%)   ] and JPMorgan Chase [JPM  42.84   1.16  (+2.78%)   ] will need to hold the most extra capital of 28 banks considered so large and complex they need an extra buffer to absorb potential losses, global regulators said on Thursday.

The four global banks will be required to hold an extra 2.5 percent of common equity as a percentage of risk-weighted assets on top of a 7 percent minimum being phased in from January, according to the Financial Stability Board, a regulatory task force for the group of 20 top economies.”

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