US banks must raise around $75bn to meet new capital requirements outlined by regulators, following yesterday's stress test results.
In total, 10 companies have been ordered to raise money, with Bank of America needing $33bn and Wells Fargo $13.7bn. The test was designed to ensure banks have sufficient capital to continue lending...
Equates to seven million people
Beware ‘sting in the tail’
Still 66% women in lower quartile
Led by Aberdeen Standard Investments
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