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JPMorgan may need over US$20b to meet capital rule

Fed unveils plan to boost surcharges for eight large US banks beyond those already levied by global regulators

JPMorgan says it is well capitalised and intends to meet Fed's requirements and time frames while continuing to deliver strong returns.

New York

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

The Fed laid out a plan on Tuesday for boosting surcharges for eight