Fed imposes higher SCB limit on Morgan Stanley.
BANKING AND CREDIT NEWS-June 30, 2020--Fed imposes higher SCB limit on Morgan Stanley
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Global Banking News - 30 June 2020
The US Fed has imposed a higher stress capital buffer (SCB) on Morgan Stanley (NYSE: MS) than on its peers.
The firm said that it has been provided with a higher SCB of 5.9 percent from October 1 to September 30, 2021. Other banks, such as Citigroup Inc (NYSE: C) and Bank of America Corp (NYSE: BAC), have SCBs of 2.5 percent.
The firm said, 'The updated capital rules provide us flexibility to deploy our...
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