Key Points
CEO William Demchak on Tuesday said that the market disruptions caused by the Basel III endgame proposal is an opportunity for the bank to grow...
"The Basel III endgame and some of the disruption on interest rates affords us near-term opportunities as other people are changing their balance sheets," Demchak told investors at the Goldman Sachs (GS.N) "So there is the ability to acquire assets or assume risk or just acquire clients as other people shrink," he said...
The chiefs of other banking giants have strongly criticized proposed rules that would require U.S. lenders to set aside more capital, saying they could crimp lending and curtail growth...
Regulators have said that the so-called "Basel endgame" plans, which overhaul how banks must calculate their loss-absorbing capital, would not impede lending or hurt small businesses...
Anand covered banking and finance in India for more than a decade, chronicling the collapse of major lenders and turmoil at digital banks and cryptocurrencies..
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