Federal Reserve Plans To Ease Proposed Capital Increase Requirements For Major Banks

According to Odaily, the Federal Reserve is reportedly planning to ease the proposed capital increase requirements for major banks. The Wall Street Journal reports that the previous plan required an average capital increase of nearly 20%. However, the new plan might be approximately half of the original proposal. This move by the Federal Reserve could potentially have significant implications for the banking industry, particularly for large-scale banks that would be directly affected by these capital increase requirements. The decision to ease these requirements could provide these banks with more flexibility in their operations and financial management. However, it is important to note that these plans are still under consideration and have not been finalized. Further details about the new plan and its potential impact on the banking industry are yet to be released.