September 29, 2011
LONDON, Sept 28 (Reuters) – The Basel Committee of global regulators has finalised disputed plans to force 28 of the world’s top banks to hold up to 2.5 percent in extra capital to bolster their ability to withstand any future global credit crunch.
The additional surcharge, described as “anti-American” by JPMorgan Chase Chief Executive Jamie Dimon, is expected to be given final endorsement at a summit of world leaders (G20) in November.
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