Global regulators ease capital burden on JP Morgan bank

LONDON (Reuters) – JPMorgan is no longer the world’s most systemically-important bank, according to rankings for additional capital requirements published by the Financial Stability Board on Wednesday.

JPMorgan joins Citigroup and HSBC in a lower band of extra capital the world’s biggest banks must hold above the regulatory minimum set for all lenders, the FSB said in a statement.

(Reporting by Huw Jones, editing by Louise Heavens)