RE:RE:RE:RE:Banks required to hold more capitalIt will be officialy phased in beginning a year from now. If they dont meet new rules they will face restrictions on capital deployment and bonus activities. New rules will lower lending activity. Some banks may have to shrink or break up their operations. Jp morgan is said to be effected most by new rules.
Low oil prices, low employment, and banks looking for new business is good for main street.