Banks Seek Democratic Support for Fed Capital Relief
Wall Street banks are pursuing Democratic backing for upcoming Federal Reserve capital relief rules to ensure long-term stability. While seeking further reductions, lenders hope bipartisan consensus will protect the regulatory changes from future reversals.
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Wall Street banks are pushing for Democratic support to secure regulatory relief that would reduce big-bank capital by 4.8% by year end. Securing bipartisan backing aims to protect the changes from future legislative rollbacks in the United States. Long-term stability for these capital rules depends on whether federal regulators can forge a consensus before political control shifts.
