Citi and Wells Fargo wary of stress capital buffer

The chief financial officers of Citi and Wells Fargo have raised concerns about the Federal Reserve’s proposed stress capital buffer (SCB), warning it would inject volatility into banks’ capital measures in its current form.

Citi’s CFO, John Gerspach, said during the bank’s earnings call on July 13 that the most recent Fed stress test results validate industry worries that the buffer would cause the capital requirements of firms to shift from year to year. 

“I think the most recent CCAR

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here