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Author: rnam ✧  😊 😞
Number: of 15062 
Subject: Bank Excess Capital Wipe Out Coming
Date: 07/26/2023 10:27 AM
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Six of the country's biggest banks ' JPMorgan Chase & Co., Bank of America Corp., Citigroup Inc., Wells Fargo & Co., Morgan Stanley and Goldman Sachs Group Inc. ' are currently sitting on an estimated $118 billion in so-called excess common equity tier 1 capital, according to Bloomberg Intelligence. But that cushion would be almost completely wiped out if Barr implements proposals that would result in the equivalent of an additional two percentage points of capital, Bloomberg Intelligence found.

Bloomberg Intelligence said the proposals will likely result in stingier buybacks and dividends until 2025 at the earliest.

https://www.bloomberg.com/
https://archive.ph/7v8L1
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