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US asks banks to keep more cash at hand

News Link  •  Federal Reserve

US asks banks to keep more cash at hand


12-21-2011  •  AFP 
The US Federal Reserve on Tuesday moved to toughen capital requirements for the country's largest banks, saying their size and stretch could threaten the overall financial system.

The Fed said it was preparing to implement new capital and liquidity rules outlined by an international banking pact on nearly three-dozen banks with assets over $50 billion. 


 
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Reported by Powell Gammill
Attorney For Freedom
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Tags: federal, reserve, tuesday, toughen, capital, requirements, countrys, largest, saying, stretch, threaten, overall, financial, system, preparing, implement, capital, liquidit
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