JPMorgan & Others Impacted By FSB Decision: Financial Business Review

JPMorgan Chase & Co. (NYSE:JPM), Citigroup (NYSE:C), Deutsche Bank (NYSE:DB), and HSBC Holdings (NYSE:HBC) will now be required to retain an additional 2.5 percent of Tier 1 Capital, besides the 7 percent minimum mandated under Basel III rules, said the Financial Stability Board on Thursday. Further, Barclays (NYSE:BCS) and BNP Paribas will have to keep an extra 2 percent, and 8 others will need 1.5 percent. In all, 28 banks are considered “global systemically important” and thus are subject to the extra capital requirement.

Catalysts are critical to discovering winning stocks. Check out our newest CHEAT SHEET stock picks now.