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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

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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

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