House Panel Votes to Close Banks if Capital Dips to 2%
WASHINGTON -- The House Banking Committee voted Thursday to require regulators to close a bank within six months if its equity capital falls below 2% of assets.
Limited Time Offer
Save $400 off your subscription. Special offer ends April 30, 2017.
14-Day Free Trial
No credit card required. Complete access to articles, breaking news and industry data.
Have an account? Sign In