Global banks may need to raise up to €1.1 trillion

Global banks may need to raise up to €1.1 trillion
The Financial Stability Board has published its plan for tackling banks seen as too big to fail

Banking giants now know the cost they’ll have to shoulder so the global financial system doesn’t have another Lehman moment

Banking behemoths led by HSBC and JPMorgan Chase now know the cost they’ll have to shoulder so the global financial system doesn’t have another Lehman moment.

The Financial Stability Board, created by the Group of 20 nations in the aftermath of the crisis, published its plan for tackling banks seen as too big to fail. The most systemically important lenders must have total loss-absorbing capacity equivalent to at least 16 per cent of...

Subscribe from just 1€

Exclusive offers

Choose the subscription that is right for you

Monthly Subscription

€1

For the first month

€19.99 Monthly Thereafter

Subscribe today

Cancel anytime

Annual Subscription

€200€149

For the first year

€199.99 annually thereafter

Subscribe today

Cancel anytime

Quarterly Subscription

€55€42

For the first 90 days

€55.00 quarterly Thereafter

Subscribe today

Cancel anytime

These offers are not available for current subscribers. Offers and pricing are subject to change without notice.

Terms & Conditions Apply

Please Subscribe or Log in to continue

Subscribe Login

Related Articles

More from The Business Post