Daily News: December 10, 2014

JPMorgan May Need More Than $20B to Meet Fed Capital Rule

Bloomberg reported JPMorgan Chase, already facing the highest capital surcharge under international rules, may need more than $20 billion in additional capital by 2019 to meet a new Federal Reserve requirement.

According to Bloomberg , the Fed laid out a plan yesterday for boosting surcharges for eight large U.S. firms beyond those already levied on the world’s biggest banks by global regulators.

To read the entire Bloomberg article, click here.