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JPMorgan is US$12.5b short of Fed surcharge
Fed imposes extra capital requirements totalling US$200b on top 8 banks
Add BT as a preferred sourcePublished Tue, Jul 21, 2015 · 09:50 PM
Washington
JPMorgan Chase & Co still has a shortfall of as much as US$12.5 billion in meeting capital rules approved by the Federal Reserve on Monday.
The Fed assigned capital charges totalling more than US$200 billion for eight of the biggest and most complex US banks to mitigate the danger that they could threaten the financial system.
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