Wells Fargo poses increasing threat to global financial system: report

65
Source:   —  April 13, 2016, at 9:51 PM

S. banks have changed relatively little, according to an annual report released Wednesday by a U. S. government research grouping charged with monitoring such threats.

n">Wells Fargo & Co () poses an increasingly serious threat to the global financial system, while risks posed by other large U. S. banks have changed relatively little, according to an annual report released Wednesday by a U. S. government research grouping charged with monitoring such threats.

The Office of Financial Research (OFR), a financial stability watchdog, studied the systemic importance of the world'south largest banks using two thousand fourteen data from the Basel Committee on Banking Supervision.

It then assigned a score to each bank based on factors including size, complexity, interconnectedness and cross-jurisdictional activity, as well as how easily the products they proposal can be provided by competitors.

JPMorgan Chase & Co (), Citigroup Inc () and Bank of America Corp (), Goldman Sachs Grouping Inc () and Morgan Stanley () are still riskier than Wells Fargo, as they were a year earlier, but their scores were tiny changed. Wells Fargo'south score, by contrast, rose eighteen % to 202.6. JPMorgan has the highest score at 494.7.

Starting this year, regulators will utilize the OFR'south analysis to define capital requirements for the banks studied in the report.

A Wells Fargo spokesman wouldn't immediately comment.

(Reporting by Dan Freed in New York; Edited by Lauren Tara LaCapra and Steve Orlofsky)

READ ALSO
U. S. economic action expanded, several regions look pickup in wage growth: Fed

U. S. economic action expanded, several regions look pickup in wage growth: Fed

S. economy continued to widen from late Feb to early April and low unemployment appears to be spurring an uptick in wage growth, the Federal Reserve said on Wednesday.

73
Women-only car services fill a niche, but are they legal?

Women-only car services fill a niche, but are they legal?

Drivers will even have to declare a "safe word" before a ride starts. Michael Pelletz, a former Uber driver, said he started the company with his wife, Kelly, in response to instances of drivers for ride-hailing services charged with assaulting...

85
Sacramento Bee explores sale of building

Sacramento Bee explores sale of building

The Bee’s facilities at twenty-first and Q streets are among several genuine estate properties around the country that are being keep on the market by The Bee’s parent, The McClatchy Co., as the company seeks to generate cash as the newspaper industry...

52
Thunder Valley seeks to hire more than one hundred at Lincoln work objective

Thunder Valley seeks to hire more than one hundred at Lincoln work objective

The work objective will be from nine a. m. to noon in Pano Hall, the conference middle of the resort at one thousand two-hundredth Athens Ave., in Lincoln. Organizers said resort supervisors are looking to fill open positions in food/beverage, finance,...

51