JPMorgan Hopes to Meet Capital Rules with No Major Changes
The New York Times reported JPMorgan Chase‘s CFO said the bank was hopeful it would be able to reach new, higher capital requirements with only “surgical” changes, while at the same time the bank’s profitable trading business faced a “challenging environment.”
According to the Times , a Federal Reserve official singled out JPMorgan as the bank likely to have the biggest need for more capital under new rules outlined on Tuesday. The bank could be required to increase its capital by $22 billion.
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