Lower SCBs bring Citi, JPM close to Collins floor
Uncertainty lingers amid Fed proposal on SCB averaging and push to scrap the floor
Citi and JP Morgan are edging closer to being bound by the advanced approach for capital requirements, following reductions in their stress capital buffers (SCBs), which will determine each bank’s capital needs at the end of the year.
Citi ended the third quarter with $1.35 trillion of risk-weighted assets (RWAs) calculated under the advanced approach, compared to $1.2 trillion under the
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