Big Banks $70 Billion Short in Fed Push to Prevent Bailouts

Wall Street banks are about $70 billion short in building up funds the Federal Reserve says they’ll need to tap following a collapse, down by almost half from the central bank’s earlier estimates. By Jesse Hamilton.
Read more: https://www.bloomberg.com/news/articles/2016-12-15/biggest-banks-70-billion-short-in-fed-push-to-prevent-bailouts?source=Snapzu