Citigroup Leads U.S. Banks Higher in Global System Risk List
- Bank of America, Wells Fargo see capital surcharge increase
- Financial Stability Board releases systemic-importance ranking
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Global banking regulators said some U.S. lenders present a bigger risk to the financial system than last year and should face stiffer capital requirements to ward off threats.
Citigroup Inc., Bank of America Corp. and Wells Fargo & Co. all face higher capital surcharges after they rose in the Financial Stability Board’s latest ranking of the most systemically important banks in the world. Meanwhile, New York-based Morgan Stanley and London-based lenders HSBC Holdings Plc and Barclays Plc saw their buffer levels fall, the FSB said in a statement on Monday.