08:11 - 28.08.2026

---

August 28, 2026, Fineko/abc.az. A long-standing coalition among top U.S. banks has fractured as the Federal Reserve nears the completion of its capital requirement overhauls.

JPMorgan Chase and Bank of America are urging the Fed to reverse proposed tweaks to the Global Systemically Important Bank (GSIB) surcharge. The dispute centers on how the Fed treats short-term wholesale funding, such as repo and commercial paper. Deposit-heavy giants JPMorgan and Bank of America estimate they could miss out on $13 billion and $9 billion in potential capital relief, respectively. Conversely, wholesale-dependent rivals Goldman Sachs and Morgan Stanley stand to gain an additional $1 billion to $2 billion each in capital relief under the new formula.