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Tuff-Stuff

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Re: Tuff-Stuff post# 461774

Thursday, 05/17/2012 6:38:41 AM

Thursday, May 17, 2012 6:38:41 AM

Post# of 648882
~>Fitch Warns Banks Must Raise $566 Billion in New Capital<~

By MARK SCOTT


May 17, 2012, 6:20 am

The world’s largest banks must raise a combined $566 billion to satisfy new capital requirements, Fitch Ratings said on Thursday, as authorities demand that firms hold more cash in reserve to protect against future financial shocks.

The figure represents a 23 percent increase to what the banks currently hold in reserve and will likely hit their returns on equity, a critical figure used to gauge a firm’s profitability, Fitch said.

cont for full http://dealbook.nytimes.com/2012/05/17/fitch-warns-banks-must-raise-566-billion-in-new-capital/

Concentrate, and ASK the 8-Ball!

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