US moves to soften capital rules: ‘Big banks can declare mission accomplished’

The logo for Goldman Sachs is seen on the trading floor at the New York Stock Exchange in New York on 17 November 2021.Photograph: Andrew Kelly/Reuters · Photograph: Andrew Kelly/Reuters US federal regulators are trying to soften bank requirements, loosening the amount of capital US banks must have in what would be some of the biggest changes to bank restrictions since the 2008 financial crisis and a huge win for financial institutions. On Thursday, US Federal Reserve officials are expected to vote to low ...