Germany’s Biggest Banks May Need $141B Under Basel III

Germany’s 10 biggest banks may need 105 billion euros ($141 billion) of additional capital under a revamp of banking rules designed to prevent future financial crises, the country’s banking association said. International banking regulators known as the Basel Committee will likely require banks to have a Tier 1 capital ratio of 6%, up from 4%, said the BdB banking association, whose members include lenders such as Commerzbank and Deutsche Bank (DB). – Reuters