• 02/03/2024 12:38

The largest US banks built up a record $154 billion in excess capital.

In the United States, large banks such as Goldman Sachs, Citigroup, Bank of America increased record excess capital by a total of $154 billion. Bloomberg writes about this.

The largest banks The United States has increased a record $154 billion of excess capital

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As the publication notes, “the largest US banks have built a fortress of excess capital, which exceeds their current needs.” With this in mind, Morgan Stanley analysts raised their ratings on these banks to “attractive” as they “have the highest levels of overcapitalization ever.”

Experts also upgraded Bank of New York Mellon Corp. to “balanced”, but lowered the rating of Northern Trust Corp.

minfin.com.ua

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