Fed give big banks a break

NEW YORK, Nov 25 (via Reuters) – Today the Federal Reserve said that bigger U.S. banks would have an extra year to meet a capital requirement known as the supplementary leverage ratio.

Institutions subjected to the leverage ratio requirement will have to meet the requirements by 2017 under the extension.

This extension applies to banks with more than a total of $50 billion of assets, of which there were 39 at the end of the third quarter, according to third quarter data from the Federal Deposit Insurance Corp.

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