Citigroup To Benefit From Fed-Endorsed Exit Of Parallel Basel IIIMani
The Fed permitting Citigroup Inc (NYSE:C) to exit parallel Basel III reporting and transition to Basel III advanced approaches clearly amplifies Citigroup’s balance sheet strength, note Credit Suisse analysts.
Moshe Orenbuch and Jill Glaser Shea of Credit Suisse Group AG (ADR) (NYSE:CS) point out that the Fed’s approval would benefit Citigroup Inc (NYSE:C)’s Basel III Tier 1 Common Ratio target by 50 bps . . .
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