Goldman Sachs Statement on Stress Capital Buffer
June 29, 2024
June 29, 2024
NEW YORK, June 29 -- Goldman Sachs Group, an investment banking, securities and investment management firm, issued the following news release:
On Wednesday, June 26, the Federal Reserve notified the firm of the Stress Capital Buffer ("SCB") for The Goldman Sachs Group, Inc. (NYSE: GS) of 6.4%, resulting in a Standardized Common Equity Tier 1 ("CET1") ratio requirement of 13.9%, which will become effective on October 1, 2024.
"This increase does . . .
On Wednesday, June 26, the Federal Reserve notified the firm of the Stress Capital Buffer ("SCB") for The Goldman Sachs Group, Inc. (NYSE: GS) of 6.4%, resulting in a Standardized Common Equity Tier 1 ("CET1") ratio requirement of 13.9%, which will become effective on October 1, 2024.
"This increase does . . .