Banks ‘need $1.2-trillion cushion against crisis’

Banks ‘need $1.2-trillion cushion against crisis’

The world's biggest banks must bolster their cash reserves by up to €1.1 trillion ($1.2 trillion) as protection against any future financial crises, an influential Basel-based advisory body said on Monday.

Watchdog seeks higher capital buffer for banks

Watchdog seeks higher capital buffer for banks