Saving banks: Pedestrians on Wall Street near the New York Stock Exchange. US regulators’ proposed revisions are seen as giving banks too many concessions. — Bloomberg
New York: US regulators will make extensive changes to their bank-capital rules proposal, cutting the expected impact to the largest banks by half and exempting smaller lenders from large portions of the measure, a top Federal Reserve (Fed) official says.
The proposed revisions previewed by Fed vice-chair for supervision Michael Barr would roughly slice in half the 19% capital hike that regulators had planned for the eight biggest US banks.
