Fed Proposes Easing Capital Requirements for Major Banks
Key Takeaways Fed proposes easing capital rules for major banks, including JPM, BAC, GS and MS. Plan would cut capital needs by 213B at their subsidiaries. New rule ties SLR buffers to half of each bank's GSIB surcharge instead of fixed rates.The Federal Reserve unveiled a proposal to ease the enhanced Supplementary Leverage Ratio (SLR) to reduce capital requirements significantly for the major U.S. banks, including JPMorgan Chase & Co. (JPM) , Bank of America (BAC) , Goldman Sachs ...