The biggest U.S. banks including JPMorgan Chase & Co. and Citigroup Inc. may face tougher capital standards than global peers under a plan set for a vote today by the Federal Deposit Insurance Corp., Bloomberg News reported today. The agency could set leverage ratios of 5 percent and 6 percent, one for parent companies and another for their U.S.-backed lending units. That would be as much as twice the international standard of 3 percent. The U.S. plan would go beyond rules approved in 2010 by the 27-nation Basel Committee on Banking Supervision designed to prevent a repeat of the 2008 financial crisis. The changes would force lenders to reserve more funds as a buffer against losses, which bankers say could mean lower profits and more asset sales.
