Bank Of America CEO Says If Our Capital Goes Up By 10%, It Stops Us From Making $160B Loans We Could Otherwise Make
Portfolio Pulse from Benzinga Newsdesk
Bank of America's CEO stated at the Barclays Global Financial Services Conference that a 10% increase in capital requirements would prevent the bank from issuing $160 billion in loans. This highlights the potential impact of regulatory changes on the bank's lending capacity.
September 10, 2024 | 5:42 pm
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Bank of America's CEO highlighted that a 10% increase in capital requirements could restrict the bank's ability to issue $160 billion in loans, indicating potential challenges in revenue generation due to regulatory changes.
The CEO's statement suggests that increased capital requirements could significantly limit Bank of America's lending capacity, potentially affecting its revenue. This is a direct concern for investors as it may impact the bank's growth and profitability.
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