JPMorgan $12.5 Billion Short in Fed Systemic-Risk Charges
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JPMorgan Chase & Co. still has a shortfall of as much as $12.5 billion in meeting capital rules approved by the Federal Reserve on Monday.
The Fed assigned capital charges totaling more than $200 billion for eight of the biggest and most complex U.S. banks to mitigate the danger that they could threaten the financial system. The extra capital requirements, or surcharges, range from 1 percent to 4.5 percent of the banks’ risk-weighted assets, leaving the firms to choose between expensive capital demands or getting smaller.