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US banks expect victory in capital requirements as Trump regulators revamp rules
['Lananh Nguyen', 'Nupur Anand', 'Tatiana Bautzer']
Zawya.com - All Regional News
As President Donald Trump's regulators revamp bank rules, big lenders expect their capital requirements could fall, in a stunning victory for the industry which faced a big hike under former President Joe Biden, according to senior industry executives.
Big banks have long complained that capital rules are excessive and poorly calibrated, and that some of that cash could better serve the economy through lending.
Bowman said last week that she wants the rules to "work well together" and did not necessarily expect capital to fall.
"Modernizing capital rules will let them put that strength to work - fueling growth for consumers, small businesses, and the economy."
"It’s going to take a lot less to bring down a big bank."