Swan Bank has assets of $32.92 billion. The bank estimates total risk-weighted assets of $14.64 billion. Assuming

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Swan Bank has assets of $32.92 billion. The bank estimates total risk-weighted assets of $14.64 billion.

Assuming Basel III requirements, how much ($millions) must be CET1 capital out of Swan Bank's total Tier 1 capital requirement?

Express your answer in millions of dollars to two decimal places. Do not write "$" and do not write "millions".

Related Book For answer-question

Income Tax Fundamentals 2013

ISBN: 9781285586618

31st Edition

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill

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Posted Date: Apr 18, 2024 07:06 AM

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Swan Bank has assets of $32.92 billion. The bank estimates total risk-weighted assets of $14.64 billion. Assuming

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To calculate the Common Equity Tier 1 CET1 capital requirement w... View the full answer

Income Tax Fundamentals 2013

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