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Dec 12, 2014
The Fed is doing all they can to make sure that big banks don’t end up in the same predicament as when the market crashed back in 2008. One step in their prevention clause is to require big banks to ensure they have enough capital put aside.
Described as “capital surcharges”, the new proposal affects eight of the nation’s largest banks. They include: Citigroup, Bank of America, JPMorgan Chase, Goldman Sachs, Wells Fargo, Morgan Stanley, Bank of New York Mellon, and State Street. The amount of capital each of these institutions will have to put aside depends...