Federal Reserve Approves Capital Surcharges for Nation's Largest Banks
July 21, 2015 at 13:10 PM EDT
Yesterday (Monday), the U.S. Federal Reserve System approved a rule to require the nation's largest banks to hold a larger capital buffer. These "capital surcharges" are in addition to the 7% capital requirements set forth in the Basel Accords in 2010. There are two takeaways from this action.... Tags: Big Bank Stocks , capital surcharge , capital surcharges , Federal Reserve , Federal Reserve System , Financial Crisis , global financial crisis , NYSE: JPM , The Fed , U.S. federal reserve To get full access to all Money Morning content, click here About Money Morning: Money Morning gives you access to a team of ten market experts with more than 250 years of combined investing experience – for free . Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors. Disclaimer: © 2015 Money Morning and Money Map Press. All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. 16 W. Madison St. Baltimore, MD, 21201. The post Federal Reserve Approves Capital Surcharges for Nation's Largest Banks appeared first on Money Morning - We Make Investing Profitable .