The World's 29 Too Big To Fail Banks, JPM At The Top

The updated list of the world's too big to fail banks is out today and JPMorgan Chase JPMorgan Chase along with HSBC are at the top.

The Financial Stability Board amends the list each year after examining banks to decide which ones pose a threat to the global economy if they were  to fail.

Those on the list must hold more capital to absorb potential losses, and therefore protect taxpayers from bailouts.

This year JPM and HSBC top the list which means they must each hold an extra 2.5% of capital on top of the an additional 7% that will be required down the road.

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There are 29 banks total on this year's list compared to 28 last year. Each falls into one of five capital buffer groups ranging from 1% to 3.5%. The top group, which requires bank to hold 3.5%, is empty this year.

Citigroup Citigroup and Deutche Bank were in the 2.5% category last year but the FSB dropped the two banks down a notch to the 2% slot.