Author (Person) | Masters, Brooke |
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Series Title | Financial Times |
Series Details | 18.5.12 |
Publication Date | 18/05/2012 |
Content Type | News |
The world’s 29 largest global banks will need to raise an additional $566bn in new capital or shed about $5.5tn in assets by 2018 to meet the new tougher Basel III bank capital standards, a new study by Fitch Ratings published in May 2012 found. The additional capital would represent a 23% increase in what the banks had at the end of 2011 and is roughly equivalent to three times their combined annual earnings. |
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Subject Categories | Business and Industry |
Countries / Regions | Europe |