Fed and Regulators Consider Reducing Proposed 20% Capital Hike for Big Banks: WSJ

May 19, 2024, 01:23 PM

The Federal Reserve and two other U.S. regulators are moving toward a plan that could significantly reduce a proposed capital increase of nearly 20% on the biggest U.S. banks. According to a report by the Wall Street Journal (WSJ), the required increases in capital would on average be about half as much as originally proposed. This reconsideration could have substantial implications for the financial industry.