WASHINGTON – The Financial Stability Board delivered a blow to Citigroup and JPMorgan Chase on Thursday, saying they will pay a 2.5% capital surcharge under Basel III while their competitors face less stringent requirements.

The international regulatory body designated eight U.S. firms last year as global systemically important banks, saying they must hold between 1% to 2.5% in extra capital. But Thursday marked the first time that the FSB detailed the exact requirements for each company.

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