Bill would curb biggest banks

04/25/2013 | Bloomberg · Wall Street Journal, The

Legislation introduced by Sens. Sherrod Brown, D-Ohio, and David Vitter, R-La., would require banks with more than $500 billion in assets to keep a capital-to-asset ratio of 15%. "It will present Wall Street megabanks with a clear choice: Either have enough of your own capital to cover your potential losses or downsize until you're no longer a risk to taxpayers," Brown said.

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Bloomberg · Wall Street Journal, The

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