Banks deemed too-big-to-fail including Bank of America (BAC), JPMorgan Chase (JPM), Citigroup (C) and Wells Fargo (WFC) will also have to show that they are on track to meet the phase-in schedule for Basel III capital standards and the additional capital buffers that will be imposed on them.
In addition to a hefty weighting to BAC, the fund also holds more than 9% of its assets in both Citigroup (C) and JP Morgan (JPM), likely to be impacted by any news at Bank of America.