Nation’s Top Eight Banks to be Held to Minimum Capital Holdings or Surcharges
The Federal Reserve decided Monday that the top eight banks should be held to minimum capital holdings or face stiff surcharges. The ruling establishes minimum holdings among what the Fed calls "global systemically important banks," the firms with the most risk-based endeavors. The Reserve hopes the ruling with reduce the risk of banking bloat by encouraging the elite eight to reduce their risk profile and size. [7/21/15]
