Fed to Cut Biggest Banks' Capital Hike by Half in Overhaul.

US regulators are planning to make significant changes to their bank-capital rules proposal, reducing the expected impact on the largest banks by half and exempting smaller lenders from certain parts of the measure. The revisions would decrease the capital hike for the eight biggest US banks from 19% to 9%. These changes aim to address concerns from Wall Street banks and avoid a lengthy legal battle. The revised proposal is expected to be released on September 19th and will be open for a 60-day comment period. [Extracted from the article]

Copyright of Bloomberg.com is the property of Bloomberg, L.P. and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)