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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


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...