Talk about living the life of Riley. All the rest of us got for this recession was, well, a recession. Must be nice to completely own the governments of the industrialized world. We really are a bunch of suckers as long as we keep re-electing the same old politicians who do this to us. And yes, both parties are the problem and guilty.
The world's major banks are likely to get an extra capital charge in the 2 percent or 2.5 percent range, rather than the 3 percent that has been widely reported, according to officials familiar with the discussions.
The move would likely affect major global banks such as JPMorgan, Citigroup, Bank of America, Wells Fargo, UBS and HSBC.
Officials, who asked not to be named, commented after global banking regulators met this week in Frankfurt.
