Wall Street major banks clash over GSIB capital surcharge revision
JPM JPMorgan Chase & Co
$356.50 -0.05%
View chart & analysis → - 1With the Fed's capital rules overhaul in the final stage, JPMorgan (JPM) and Bank of America (BAC) are squaring off against Goldman Sachs and Morgan Stanley over the GSIB surcharge revision
- 2JPMorgan is estimated to miss out on $13 billion and BofA on $9 billion in additional relief, while Goldman and Morgan Stanley each stand to gain $1 billion to $2 billion in benefits
- 3Changes to the treatment of short-term wholesale funding are the key sticking point, and the last-minute infighting is expected to complicate the Fed's finalization of next year's full set of regulations
This 3-line summary is compiled from the report below.
Reuters View original ↗
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