Finance
Fed Lowers Goldman Stress Capital Buffer Requirement to 6.2%
- Goldman had asked Fed to reconsider its calculation of buffer
- Federal Reserve announces its decision in statement Wednesday
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The Federal Reserve slightly lowered Goldman Sachs Group Inc.’s stress capital buffer requirement after the Wall Street bank asked for modifications.
Goldman’s requirement was decreased to 6.2% from a preliminary 6.4% after the bank provided additional information, the Fed said in a statement Wednesday. The bank said the adjustment resulted in a standardized common equity tier 1 ratio of 13.7% effective Oct. 1.