Bank estimates total risk-weighted assets

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SwanBank 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 SwanBank's total Tier 1 capital requirement?

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

Reference no: EM133120345

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