Top banks may have to cut lending, dividends or returns to meet stricter capital rules being planned for the biggest financial firms, Morgan Stanley analysts told City AM.
"Many of the top 25 banks could approach likely G-SIFI (globally systemically important financial institutions) standards in the next 3-4 years, but at the cost of dividends, returns or, critically, through more aggressive deleveraging," the analysts said in a note.
They expected eight banks to be required to hold an extra 2.5 per cent of capital under tougher rules for bigger banks, including BNP Paribas, Citigroup, HSBC Holdings and J.P. Morgan…
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http://www.cityam.com/news-and-analysis/morgan-stanley-warns-over-cuts-bank-lending-and-dividends
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