The Traderszone Network

Published in TZ Latest News 30 October, 2015 by The TZ Newswire Staff

Largest U.S. banks face $120 billion shortfall under new rule

The requirements are aimed at ensuring that some of the biggest and most interconnected banks, which include Goldman Sachs Group Inc, (GS.N), JPMorgan Chase & Co, (JPM.N), and Wells Fargo & Co (WFC.N), can better withstand another crisis by turning some of their debt, particularly debt issued by their holding companies, into equity without disrupting markets or requiring a government bailout.

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