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

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