FSB Assigns Lower Capital Requirement to Bank of America

Two of the 29 global systemically important banks (G-SIBs) moved to different “buckets” in 2024, meaning they will have a higher or lower capital requirement than they did before, the Financial Stability Board (FSB) said Tuesday (Nov. 26).Groupe Crédit Agricole moved from bucket 1 to bucket 2, corresponding to a higher capital requirement, while Bank of America moved from bucket 3 to bucket 2, corresponding to a lower one, FSB said in a press release outlining the findings from its 2024 List of Global Syste ...