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

Create Content With AI

Risk Our Money Not Yours | Get 50% Off Any Account

Disclaimer: This page contains affiliate links. If you choose to make a purchase after clicking a link, we may receive a commission at no additional cost to you. Thank you for your support!

Be the first to comment

Leave a Reply

Your email address will not be published.


*

This site uses Akismet to reduce spam. Learn how your comment data is processed.