6655
JPMorgan in Trouble
World Economy

JPMorgan in Trouble

JPMorgan Chase would need $22b more in capital by 2019 to meet new Federal Reserve capital rules, the Fed said Tuesday. The Fed said that the eight big banks that will have to come up with a collective $21b to meet its proposed capital surcharge for systemically important institutions, AFP said. But in an open Fed board meeting vice chair Stanley Fischer said that only one bank actually had a shortfall: JPMorgan, and that it needs $22 billion in all. “JPMorgan... is the firm that is actually going to have to come up with more capital,” Fischer said.

Short URL : http://goo.gl/qMPmQO

You can also read ...

While China tries to alleviate its demographic crunch, the aging society means a pension shortfall.
Forget that image of sweatshops making all kinds of cheap...
Russia Economic Recovery Underway
Retail sales in Russia picked up in April, while real wages...
In 2017 banks had total mortgage lending of around $352 billion.
High levels of household debt are the greatest risk to Sweden’...
Greece at Crucial Point
Discussions are heating up over future debt repayments for...
Peru Economy Strengthens
Economic growth in Peru strengthened in the first quarter...
Brazil CB Keeps Rates on Hold
Brazil’s central bank considered cutting interest rates last...
Saudi Gov’t Told Not to Boost Spending
The International Monetary Fund urged the Saudi government not...
EU Tells Italy to Cut Debt, Warns of Euro Spillover
Italy’s incoming government should aim to cut its heavy public...

Trending

Googleplus