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The rule was largely similar to when it was proposed in December, when the USA central bank said the banks would face a surcharge of between 1 percent and 4.5 percent of their assets.

Federal regulators are directing the eight biggest banks in the United States to hold capital at levels above industry requirements to cushion against unexpected losses and reduce the chances of future taxpayer bailouts. All told, the banks will need to hold roughly $200 billion...

The Federal Reserve Governor Daniel Tarullo said: “A set of graduated capital surcharges for the nation’s most systemically important financial institutions will be an especially important part of the strengthened regulatory framework we have constructed since the...

WASHINGTON (AP) – Federal regulators are directing the eight biggest USA banks to hold capital at levels above industry requirements to cushion against unexpected losses and reduce the chances of future taxpayer bailouts.