The Fed Reportedly Backing Off Tougher Capital Requirements
JPMJP MORGAN CHASE(JPM) pymnts.com·2024-05-20 07:22

The tougher capital requirements the government had planned for banks may not be as tough.That’s according to a Sunday (May 19) report by The Wall Street Journal (WSJ), which argues that efforts by banking CEOs like JPMorgan Chase’s Jamie Dimon to push back against the Federal Reserve’s proposal that banks hold more capital appear to have paid off.Sources tell WSJ that regulators are now considering a plan that would “significantly” reduce an almost 20% mandated increase in capital for the largest American ...