Morgan Stanley's James Gorman predicts proposed capital requirements may be tempered

Morgan Stanley MS, -1.83% Chairman James Gorman said Wednesday a proposed set of bank capital requirements by federal regulators may be scaled back by the time they go into effect, according to a transcript of his interview with Bloomberg TV. “It will not go through in that form,” Gorman said. “If it did, I think it would have very, very negative consequences for corporate lending across this country, which is not what you want. It’s not going to help the economy grow.” Gorman’s comments came after regulat ...