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Shares in banking giants rise after new FSB rules unveiled

Shares in Barclays PLC , HSBC Holdings PLC , Deutsche Bank AG and other banking giants rose early Monday after global financial regulators published new rules aimed at preventing a repeat of the 2008 financial crisis. The Financial Stability Board confirmed that a so-called total loss absorbing capacity, or TLAC, for big banks will be in a range that analysts had anticipated. TLAC will be 16% of a bank’s assets by 2019, then climb to 18% by 2022. That’s lower than a range proposed earlier by the FSB, and Citigroup analysts have described it as a “manageable hit” for the largest European banks, a Financial Times report said.

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Shares in banking giants rise after new FSB rules unveiled Reviewed by on . Shares in Barclays PLC , HSBC Holdings PLC , Deutsche Bank AG and other banking giants rose early Monday after global financial regulators published new rules a Shares in Barclays PLC , HSBC Holdings PLC , Deutsche Bank AG and other banking giants rose early Monday after global financial regulators published new rules a Rating:
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