'G20 names 29 banks for capital surcharge'

[Wallace]

by Daniel Flynn Fri Nov 4, 2011 1:56pm EDT (Reuters) CANNES, France
"Global regulators on Friday named 29 banks so important to the world's financial
system that they require more capital and closer surveillance than rivals, plus a
detailed plan to allow them to be wound up without taxpayer help if they hit trouble.
The list of banks drafted by the Financial Stability Board, a regulatory taskforce
of the G20, included 17 lenders from Europe, and eight from the United States,
including Goldman Sachs, JP Morgan Chase and Citigroup.
Just four of the banks are from Asia, including Bank of China"
http://www.reuters.com/article/2011/11/04/g20-financials-idUSL6E7M430120111104

 

[cstfx]

Probably expect GS and MS to relinquish those banking designations they asked for in '08. First the prop desk, now this.

 

[the1]

No! Certainly not the almighty "doing God's work" Goldman Sachs. If there's ever a bank that should be let go down this is it. Unfortunately, it's infiltrated the US Government so that won't happen. I wonder why KrazyKarl and asiaprop don't come out of the woodwork to pump these guys as rock solid anymore. I guess it was because they were one of the banks in the most trouble back in 2008 now that the truth has come out.

Quote from Wallace:

by Daniel Flynn Fri Nov 4, 2011 1:56pm EDT (Reuters) CANNES, France
"Global regulators on Friday named 29 banks so important to the world's financial
system that they require more capital and closer surveillance than rivals, plus a
detailed plan to allow them to be wound up without taxpayer help if they hit trouble.
The list of banks drafted by the Financial Stability Board, a regulatory taskforce
of the G20, included 17 lenders from Europe, and eight from the United States,
including Goldman Sachs, JP Morgan Chase and Citigroup.
Just four of the banks are from Asia, including Bank of China"
http://www.reuters.com/article/2011/11/04/g20-financials-idUSL6E7M430120111104