Are the major banks undercapitalized under impending regulatory standards? One report says yes!
The Financial Times, citing work by Barclays Capital, says that the nation’s largest banks could fall short of capital requirements under the new Basel III regime by as much as $150 billion, “with 90 per cent of the shortfall concentrated in Read More
Apparently having succombed to nostalgia for the hardscrabble, rough-and-tumble credit markets of 2008 — when men were men, and mortgage bonds were crammed into ever-swelling packages — Bank of America is now seeking to meet elevated capital requirements by throwing hard-to-sell assets into new securities.
Bloomberg reports that BofA is using a complicated trick Read More
Meeting earlier this month, the Group of Governors and Heads of Supervision of the Bank of International Settlements announced its endorsement of the Basel Committee’s July agreement on bank capital reforms, in time for presentation at November’s G20 summit.
The confirmation of the Basel III effort by central bankers was greeted with relief by the Read More
Last Tuesday in the Sheraton New York Hotel & Towers on West 53rd Street, just after lunchtime, Jamie Dimon made a joke. “I put this next slide in, the next one, for fun,” the JPMorgan chief executive told his audience at the Barclays Global Financial Services Conference, clicking to page 18 of his presentation. Read More
Two of the biggest names in the banking space — JPMorgan Chase CEO Jamie Dimon and Bank of America head Brian Moynihan — spoke today on the primary issues affecting their companies and shed some light on what their stewardship will look like going forward.
Appearing as the keynote speaker at a conference hosted by Read More