Friday, April 24, 2009

US banks told to elevate capital buffers

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FT.com
 All times are London time: Friday Apr 24 2009

Breaking news
US banks told to elevate capital buffers
US banks are being told to establish substantial capital buffers above the levels set out in minimum capital ratios following the completion of bank stress tests, a senior Federal Reserve official said on Friday.

The capital buffers are intended to ensure that the top 19 banks would be able to comfortably survive a deeper-than-expected recession.

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