Big US Banks Afraid of Derivatives Rules

Reuters reports that some bank balance sheets could nearly double if a draft rule proposal takes effect. More here.

In a worst-case scenario, S&P 500 companies might have to bring nearly $7 trillion in derivatives onto their balance sheets...About 97 percent of that would come from five big banks: Bank of America Corp(BAC) , JP Morgan Chase & Co , Citigroup Inc(C) , Goldman Sachs Group Inc(GS) and Morgan Stanley(MS).
What a surprise.

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