American Banker: Warren calls for higher capital ratio at NYCB

Sen. Elizabeth Warren, D-Mass., is pressing the Federal Reserve and the Office of the Comptroller of the Currency to more carefully scrutinize New York Community Bancorp. 

The OCC in particular, Warren said, should impose an Individual Minimum Capital Ratio on the bank, making use of an obscure tool that could nonetheless heighten capital requirements for the beleaguered institution.

"In order to protect the banking and financial system, it should do so as quickly as possible," Warren said in the letter, sent Wednesday. 

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