Overall, the plan will raise big banks' capital by 9% compared with 19% originally, Barr said. It would increase capital for banks with less than $250 billion in assets, such as KeyBank, M&T and ...

Federal Reserve Board Vice Chair for Supervision, Michael Barr, testifies before a Senate Banking, Housing, and Urban Affairs Committee hearing in the wake of recent bank failures, on Capitol Hill ...

The changes relate to the capital surcharge for global systemically important banks (G-SIBs), including JPMorgan JPM, Citigroup C, Bank of America BAC and Wells Fargo & Company WFC. Barr stated ...

The Federal Reserve on Wednesday proposed easing a key capital rule that banks say has limited their ability to operate, ...

In a speech to the Brookings Institution, Fed Vice Chair for Supervision Michael Barr said regulators will re-issue watered-down drafts of the "Basel Endgame" rule and a separate capital rule for ...

WASHINGTON (Reuters) -The Federal Reserve's regulatory chief on Tuesday outlined a plan to raise big banks' capital by 9%, significantly easing an earlier proposal after intense Wall Street opposition ...

The draft Basel rule, first unveiled in July 2023, overhauls how banks with more than $100 billion in assets calculate capital they must put aside to absorb potential losses.

WASHINGTON (Reuters) -The Federal Reserve's regulatory chief on Tuesday outlined a sweeping overhaul easing two major draft bank capital rules following intense industry opposition that delayed ...