US Bancorp, Citizens head for tighter ‘tailored’ standards
Banks on track for stricter capital and liquidity rules, while tiered US standards come under scrutiny
US Bancorp and Citizens Financial Group are inching closer to tighter prudential standards under the US Federal Reserve’s tailoring framework – and could soon be joined by other, smaller lenders should regulators lower thresholds for liquidity and capital requirements, as urged by the White House.
The four-quarter average of US Bancorp’s total consolidated assets rose 4% to $622.2 billion at the end of March, a step nearer the $700 billion that would drag it from category III to category II of
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