The Biggest U.S. Banks Face a Basel III Capital Shortfall
When the new Basel III global bank regulations are imposed, the top 35 U.S. banks will be short between $100 billion and $150 billion in equity capital, a study by Barclays Capital finds.
When the new Basel III global bank regulations are imposed, the top 35 U.S. banks will be short between $100 billion and $150 billion in equity capital, a study by Barclays Capital finds.
International bankers are hammering out the Basel III agreement, which will require banks to keep more capital in reserve relative to what they invest. It's a good idea, and one that would cushion the financial system from the next bust -- if the rules weren't being pushed so far into the future.
