White House Prepares to Ease Rules for Big Banks, Politico Says

The Trump administration is preparing to ease rules imposed on the largest US banks following the 2008 financial crisis, Politico said, citing people with knowledge of the discussions.

Regulators are close to completing a proposal that would reduce the size of the capital cushion that the biggest lenders must maintain to absorb potential losses and remain solvent in periods of economic stress, Politico reported Saturday.

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The Federal Reserve, the Office of the Comptroller of the Currency and the Federal Deposit Insurance Corp. are developing plans that may ...