Regulators told the country’s eight largest banks that they will have to raise billions of dollars to guard against future problems or reduce their size and complexity.
In a key step in the “too big to fail” debate, the top three banking regulators approved a proposal Tuesday that would force banks such as JPMorgan Chase, Goldman Sachs andWells Fargo to hold far larger cash buffers than required by international standards.
The move is the latest effort to limit the threat big banks can pose to the financial system, nearly five years after their
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