Get all your news in one place.
100's of premium titles.
One app.
Start reading
International Business Times
International Business Times
Business

US Fed Proposes Easing Key Banking Rule

Chairman of the US Federal Reserve Jerome Powell speaks with Fed vice chair for supervision Michelle Bowman (L), as he chairs a Federal Reserve Board open meeting (Credit: AFP)

The US Federal Reserve released plans Wednesday to relax a key capital rule for major banks, a move they say can help facilitate Treasury market trading.

The Fed board voted 5-2 to propose amendments on a measure introduced after the 2008 global financial crisis, that requires banks to hold a certain amount of capital relative to their assets.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.