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Big banks face huge shortfall under new rules

Those 'too big to fail' may need to raise billions in capital to absorb potential loss

ADDITIONAL BUFFERS: Two-thirds of the 30 banks on the FSB's list are short of their targets for 2019. Those in developed markets need to boost their total loss-absorbing capacity by 498 billion euros in the next three years.


BANKING behemoths led by HSBC Holdings Plc and JPMorgan Chase & Co now know the cost they'll have to shoulder so the global financial system doesn't have another Lehman moment.

The Financial Stability Board, created by the Group of 20 nations in the aftermath of the...

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