US regulators kick off contentious effort to hike bank capital
newscatcher
2023-07-28 01:31
US regulators kick off contentious effort to hike bank capital
The Empire State Building and Manhattan skyline are pictured from the Summit at One Vanderbilt observatory in Manhattan in New York City, U.S., April 14, 2023. REUTERS/Mike Segar/File photo WASHINGTON  -U.S.  regulators  launched an ambitio us  effort that would order large  banks  to set aside billions  more  in  capital  to guard against risk Thursday, although a lukewarm response from the head of the Federal Reserve raised questions about how the plan might change before its completion. The proposal to raise  capital  by 16 percent overall, put forward by a trio of U.

https://business.inquirer.net/412697/us-regulators-kick-off-contentious-effort-to-hike-bank-capital

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