Salem Radio Network News Friday, December 4, 2020

Business

Global regulators ease capital burden on JP Morgan bank

LONDON (Reuters) – JPMorgan <JPM.N> is no longer the world’s most systemically-important bank, according to rankings for additional capital requirements published by the Financial Stability Board on Wednesday.

JPMorgan joins Citigroup <C.N> and HSBC <HSBA.L> in a lower band of extra capital the world’s biggest banks must hold above the regulatory minimum set for all lenders, the FSB said in a statement.

(Reporting by Huw Jones, editing by Louise Heavens)

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