News Headline Summary

Fed says almost 95% of banks over USD 10bln assets meet 7% capital

Says:
- Large banks have USD 2.5bln shortfall at 7% standard
- Rule would be in effect Jan 2014 for biggest banks
- Rule phase in would start Jan 2015 for smaller banks

Update details:

- Fed to vote on Basel III bank capital rules today

Print 13:12, 02 Jul 2013 - Fed - Source: Newswires