Fact Sheet: Large, Global U.S. Banks Are Safer, Smaller, and SimplerEditor
Fact Sheet: Large, Global U.S. Banks Are Safer, Smaller, and Simpler
Financial regulation is designed to ensure a level playing field and protect taxpayers and the broader economy. Recent reports, data, and market developments have shown that America’s largest banks – which serve customers of all sizes, from America’s largest companies to millions of small businesses – have become smaller and simpler. Capital has doubled and liquidity has tripled among the largest firms. Furthermore, among all banks, new capital surcharges and long-term debt requirements are encouraging all banks to reconsider scope and scale.
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