Fed and FDIC agree 6% leverage ratio for US Sifis
US regulators on Tuesday issued a joint proposal to bolster the leverage ratios of the country's biggest banks – five years after the financial crisis that saw several of them bailed out by US taxpayers.
Under the new rule, eight banking organisations: JP Morgan Chase; Citigroup; Bank of America; Wells Fargo; Goldman Sachs; Morgan Stanley; Bank of New York Mellon; and State Street – often dubbed "too big to fail" due to their systemic importance for functioning financial markets – would be
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