Fed sets out stress cap­i­tal buf­fers for US banks

The Daily Telegraph - Business - - Business -

The Fed­eral Re­serve has set out the “stress cap­i­tal buf­fers” it wants ma­jor banks in the US to hold as cush­ions against a se­vere down­turn or eco­nomic shock. It set the high­est buf­fers for Gold­man Sachs and Mor­gan Stan­ley – at 13.7pc and 13.4pc – fol­low­ing the stress tests in June. The Fed also told banks to cap div­i­dends to pre­serve cap­i­tal.

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