WASHINGTON Regulators have told Citigroup that it will no longer be hit with the highest capital buffer of 2.5% as a systemically important institution, leaving just JPMorgan Chase & Co. as the only U.S. institution facing the toughest surcharge.
The new requirements were detailed as part of a list released Monday by the Financial Stability Board, which identified the globally systemically important banks, or G-SIBs. Like last year, it identified 8 U.S. firms in that category, which must face a capital surcharge between 1% and 2.5% starting in 2016.
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