Big-bank CEOs, including JPMorgan's Jamie Dimon, pressured the Federal Reserve to halve proposed capital requirements increases.
Big-bank CEOs, including JPMorgan's Jamie Dimon, successfully pressured the Federal Reserve to lessen proposed capital requirements increases. The revised rules will see required capital increases on average halved from the original proposal, as banks argued that the initial rules would have increased costs and restricted lending. The pending rules could still face challenges and may be adjusted further.
May 19, 2024
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