Fed directs 8 biggest US banks to hold extra capital

Federal regulators are directing the eight biggest U.S. banks to hold capital at levels above industry requirements to cushion against unexpected losses and reduce the chances of future taxpayer bailouts. The Federal Reserve's action Monday means the eight banks together will be required to shore up their financial bases with about $200 billion in additional capital. ...

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Fed directs 8 biggest US banks to hold extra capital

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