Financial Times FT.com

New capital rules for US financial companies

By Tom Braithwaite in Washington

Published: June 17 2009 17:14 | Last updated: June 17 2009 17:14

Large US financial companies face stringent new capital requirements as part of the regulatory overhaul, with the potential to fundamentally alter leverage and profitability.

Tim Geithner laid out the three most important fixes to the financial system in March – “capital, capital and capital” – but the consequences are yet to be fully felt on Wall Street and beyond.

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